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.

 

1,120 signatures

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Showing 865 reactions

  • Andrew Willan
    signed 2018-04-28 22:33:15 +0100
  • Mani Nair
    signed 2018-04-27 20:10:08 +0100
    Mani Nair
  • Tracy Hazelgrove
    signed 2018-04-25 12:55:55 +0100
  • Sarah Green
    signed via 2018-04-18 07:23:23 +0100
  • Kulvinder Kaur
    signed 2018-04-13 03:32:26 +0100
  • Lara Hayes
    signed 2018-04-07 10:58:40 +0100
  • Laura Edwards
    signed via 2018-04-06 07:54:00 +0100
    We cannot buy a house in our local area, and are gradually being priced out of the rental market as the prices continue to rise. We pay enough in rent to more than cover a mortgage but cannot get a sufficient one because of our salaries. We will end up homeless with nothing to show for the years we have worked.
  • Richard Purves
    signed 2018-04-05 14:48:16 +0100
  • Ben van Heygen
    signed 2018-04-04 19:51:21 +0100
  • K Zi
    signed 2018-04-01 21:54:21 +0100
  • Melissa Rule
    signed 2018-03-26 17:30:04 +0100
  • Michael Wright
    signed 2018-03-25 12:56:55 +0100
    The privileged baby boomers seem to be buying all the houses to rent them to the millennials with a profit. The millennial are buying them (paying the buy to let mortgages) but FOR the boomers. A drastic change in housing policy is needed. My opinion is to make it illegal to own more than 2 houses if the third and fourth are for financial gain. You all have 10-15 years to sell up house/flat number three and four and reinvest your cash elsewhere. The housing market would slowly readjust to reasonable levels and investments in business and small enterprises would increase. If houses are to be treated solely as places to live, which isn’t unreasonable then simply ban the private ownership of too many houses as investments. When the baby boomers property millionaires die they’ll pass on their wealth to their kids who’ll become the next wave of rich landlords renting out the same properties to the next generation of perennial renters. Haves and have nots. [no doubt hugely unpopular and you would lose the next general election but it would solve the problem].
  • Emma Brooker
    signed 2018-03-14 11:36:59 +0000
  • Tim Langner
    signed 2018-03-06 21:32:54 +0000
  • Shuab Rahman
    signed 2018-03-05 11:47:56 +0000
  • Chris Phillips
    signed via 2018-03-01 18:56:00 +0000
    How to encourage developers to build a guaranteed percentage of ‘affordable’ housing? How to control/ penalise reselling for pure profit at the lower end of the market?
  • Joyce Phillips
    signed via 2018-02-28 23:06:49 +0000
  • paul dodds
    signed 2018-02-23 20:09:49 +0000
  • Becky Robinson
    signed 2018-02-22 21:12:20 +0000
  • jamie gray
    signed 2018-02-06 12:07:46 +0000
    jamie gray
  • Claire Hilliard
    signed 2018-01-31 19:39:12 +0000
    Saving for a house deposit whilst privately renting is soul destroying as prices keep creeping up on the rental market. Professional couple with decent jobs also. Impossible!
  • rachael louise mcmillan
    signed 2018-01-26 21:39:38 +0000
  • katy morris
    signed 2018-01-10 18:58:56 +0000
    katy morris
  • Kyle Armstrong
    signed 2017-12-28 18:21:33 +0000
  • Daniel Doherty
    signed 2017-12-27 22:29:50 +0000
    House prices are ridiculous for first time buyers (even for those who are relatively well paid)
  • emma watt
    signed 2017-12-16 13:28:58 +0000
  • Lee Partis
    signed 2017-12-09 21:59:51 +0000
  • Stephen Doherty
    signed 2017-12-09 12:37:03 +0000
  • Jon Mills
    signed 2017-12-09 12:32:28 +0000
  • Martin Peach
    signed 2017-11-23 19:08:52 +0000