By David Cowan
Britain lacks enough affordable housing. The problem is clear: too few houses are being built to meet the needs of an ageing population. One estimate suggests that about 300,000 new houses are needed each year, whilst about half of that are actually constructed. With the demand for new housing exceeding availability, renting is becoming increasingly unaffordable; buying is now a pipe dream for many, especially the young.
Policy-makers are rightly considering the solutions to this crisis. Theresa May recently proposed, amongst other measures, ‘to make it easier for shops to be turned into housing if that’s appropriate’. It is good that Britain’s shortage of affordable housing is being taken seriously by the government. Read more