Petition the government to target an end to rising house prices

In the past decade, the number of people stuck in the private rented sector has doubled. Houses already cost 10 times the average salary and their price keeps rising faster than wages. Now it takes a family 12 years to save a deposit on the average house, and today’s young adults are expected to be worse off than their parents. 

The only way housing will become affordable is if earnings start rising faster than house prices. By setting a house price inflation target of zero percent, the government would need to focus on fixing the housing market. But they won’t do anything unless they know people will vote for it.

Read more:

Why we are calling for the government to target 0% house price inflation

Our proposed solutions 


 

We, the undersigned, call on Her Majesty’s Government to set a house price inflation target of zero percent and to pursue policies to achieve this including a programme of housebuilding, property tax reform, and providing rented housing that tenants aren’t desperate to escape.

 

1,163 signatures

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Showing 891 reactions

  • jessica duxbury
    signed 2015-03-07 01:13:37 +0000
  • Marcus J Wilson
    signed 2015-03-06 13:34:51 +0000
  • Anette Gould
    signed 2015-03-05 20:15:58 +0000
  • Sylvia Gauthereau
    signed 2015-02-25 12:25:32 +0000
  • Chris Mullett
    signed 2015-02-23 06:51:55 +0000
    5 Point Plan to repair the housing market.


    1, Stop right to buy or increase qualification period to 25 years.

    There is no incentive for councils to build new property if all the good stuff is snapped up through right to buy. There needs to be a large pool of council housing to keep rents down if the is no rent control legislation.


    2, Build more homes.

    Allow councils to build more homes without the fear that they are going to be lost through right-tobuy..


    3,VAT on second homes & buy-to-let.

    You can only live in one house at a time, any more is a luxury and should be taxed accordingly. There are vast swaths of second homes in the countryside that are empty during the week and the locals are excluded from the market. The tax should also be applicable to foreign buyers to dissuade property banking and to any one for whom the property is not their primary dwelling. This would help even up the market for first time buyers.


    4, Stop property/land-banking.

    Empty properties should only have 0% council tax for the first six months.

    Next 6 months-1 year 100%

    1-2 years 200%

    2-3 years 400%

    3-4 years 800%

    4-5 years 1600%

    Properties & brown-field sites still empty after 5 years default to local council ownership, to help replace that lost through right to buy.


    5, Fixed fees for estate agents

    Estate agents should no longer be able to charge a percentage. With the internet & electronic media, the actual cost of selling a house has gone down. But with estate agents charging a percentage, it is in there interest to push the price as high as possible.
  • Daniel Etienne
    posted about this on Facebook 2015-02-22 21:03:34 +0000
    We need the government to target an end to rising house prices. Sign @pricedoutuk's petition
  • Daniel Etienne
    signed 2015-02-22 21:01:34 +0000
  • Mustafa Arif
    signed 2015-02-19 03:25:49 +0000
  • Jennifer Baynton
    signed 2015-02-18 07:25:21 +0000
  • Paul Simpson
    posted about this on Facebook 2015-02-14 00:54:09 +0000
    We need the government to target an end to rising house prices. Sign @pricedoutuk's petition
  • Paul Simpson
    signed 2015-02-14 00:53:45 +0000
  • Mariano Carrara
    signed 2015-02-13 11:08:20 +0000
  • Jacqueline Windmill
    signed 2015-02-11 19:36:47 +0000
    Security for tenants. Mortgages for first time buyers. No help for landlords. No help for the rich – it;’s that simple
  • Alan McGilvray
    signed 2015-02-08 14:07:44 +0000
  • Thomas Harris
    signed 2015-02-05 18:15:11 +0000
    If houses cost less then people would have more money in there pockets to spend in the wider economy. British people must be crazy! The only people who prosper from high prices is the banks, gorverment, house builders and btl brigade. If my houses goes up so does the next one I want to buy, if I make money it will all go one day when u need to be put in a care home. You end up next to someone who has never worked and has sponged off the state all their life, they get everything for free while we work and pay for everything. Then end up in the same position. I wish this government would stop propping up house prices to make things look good. People only need to look at Britain’s massive debt and record low emergency interest rate to know all is not well. Do we want our children to be able to move out and start a family and not be a slave to their mortgages? If not we will be left with all the work shy having loads of kids and them kids turning out the same cause they know no different.
  • Jale Avcil
    signed 2015-02-05 16:04:50 +0000
  • James Elliott
    signed 2015-02-05 13:12:02 +0000
    Housing and childcare inflation is pricing even relatively high-earning families out of London suburbs. It’s not just low income families who end up trapped paying ever increasing rent to landlords with short tenancies and constant risk of property monopoly evictions.


    When well paid employees (including sales people) aren’t able to afford anything more than a converted 2 bed flat in traditional middle-earning heartlands (like Twickenham/Whitton), due to house prices inflating over 20% in 2 years then we have a problem which is exacerbated by the same sales people deciding to get on the buy-to-let bandwagon outside of London. Renting inside and letting outside. This has to end.


    The people paying £550k for 2 bed flats and houses are those who got money for buying in more central locations at the right time. The rest of us who didn’t and have been trying to do the right thing by saving all these years are now stuffed.
  • Chris Atkinson
    signed 2015-02-05 05:31:20 +0000
  • David Shaw
    signed 2015-02-04 14:36:13 +0000
  • Faycal Kara-Mohamed
    signed 2015-02-04 13:57:04 +0000
  • Dave Smith
    signed 2015-02-04 12:13:23 +0000
  • zoe savory
    signed 2015-02-04 10:18:11 +0000
    great!
  • john belfield
    signed 2015-02-03 22:50:26 +0000
    A decent house costs £60k to build in labour and materials, so why is the govt so content for me to pay £180K+, and dedicate the rest of my life to paying the debt? We have a government for the retired, not the working. The old are eating the young to survive, like in the 2nd book of Kings. No political part can be trusted to be fair & just, they are all self-interested.
  • Kane Brough
    signed 2015-02-03 17:16:43 +0000
  • Patrick O'Sullivan
    signed 2015-02-03 15:49:33 +0000
  • Mark Brooks
    signed 2015-02-03 15:40:00 +0000
  • Luke Harrison
    signed 2015-02-03 15:02:40 +0000
    Lower house prices = better for the economy, better for the 99%
  • Mathew Hill-Merrick
    signed 2015-02-03 14:28:26 +0000
  • David Arnold
    signed 2015-02-03 13:43:53 +0000
  • Tim Hunter
    signed 2015-02-03 11:57:05 +0000
    Inflation in the price of essentials like food and fuel is widely seen as a problem to be controlled – This should also apply to the price of shelter, which is just another essential.