- Over 500,000 renters can no longer afford homeownership since Help To Buy launch
- 13 times more people have been priced out than have been ‘helped’
- Only 2% of Help To Buy mortgage guarantee scheme has been utilised
As the Bank of England’s Financial Policy Committee is today expected to release the findings of its review into the government’s ‘Help To Buy’ house purchase schemes, PricedOut is today releasing its latest analysis on the impact of the schemes on first-time buyers.Read more
As the Conservatives head towards their annual party conference, David Cameron has today announced their latest initiative under their flagship Help To Buy scheme. This time they are hoping to get 100,000 new homes built solely for first-time buyers under the age of 40. Buyers will get a 20% discount, funded by abolishing the levies which councils usually charge to fund social and affordable housing and community infrastructure. Could this be the big housing initiative we have been waiting for?Read more
Anyone talking about the housing crisis runs the risk of being labelled 'London-centric', yet this put down can obscure the numerous house price hotspots around the UK.
Looking to Scotland, we find Aberdeen, where the increase in regional house prices was the largest over a ten year period. Concern about the impact this is having on wellbeing has led Aberdeen University to hold a number of workshops.
Today’s ONS house price index has shown that the average house price paid by first-time buyers reached £202,000 in May, marking the first ever occasion that the £200,000 threshold has been breached.Read more
We are in the midst of a housing crisis. Homes are too expensive, poorly designed, the smallest in Europe, with little community space to foster neighbourliness. In short, the current model of how we build homes is broken.
We're a group of young Londoners, who like many others are living with the effects of this crisis. However, we’ve had enough, and have come up with a creative solution to our own affordable housing needs. It started as an idea born out of desperation, but is fast becoming a reality.Read more