Fixing the housing market

On 7 February 2017, the government published a White Paper entitled ‘Fixing our Broken Housing Market’. The ‘Housing Crisis’ is a pertinent political issue with both major parties taking the view that the housing market does not currently support the average individual. For example, in the South-East of England in 2015, while average house prices rose by £29,000, average income in the region was only £24,542. The White Paper therefore sets out a comprehensive reform package to increase housing supply and halt the decline in housing affordability.

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