How there haven't been more riots yet I don't know

westernpromise

UK will never build enough homes to keep prices down

A study presented to the Royal Economic Society’s annual conference said those hoping to get on the ladder may have to rely on windows of opportunity created by periodic slumps in the market.

However, the overall trend will remain for residential property price rises to outpace salary growth, according to economists at the University of Reading.

“The increases in housing supply required to improve affordability have to be very large and long-lasting; the step change would need to be much larger than has ever been experienced before on a permanent basis,” said Geoffrey Meen, Alexander Mihailov and Yehui Wang.

The government has discussed moves to increase the supply of homes but the changes are on far too small a scale to act as a brake on price rises.

RTWT:
http://www.telegraph.co.uk/business/2017/04/17/uk-will-never-build-enough-homes-keep-prices/

The problem with waiting for "windows of opportunity created by periodic slumps in the market" is of course that you don't know when the slump is over, and buying during one is often harder than at other times.

antrobus

lisyloo wrote: »

Different stages of life.....

Err, yes. That was the point I was making.:)

Nevertheless you said it was "hardly surprising that 20 and 30 somethings needs to leave the city" and so I pointed to a source that said that "People aged between 20 and 29 account for the largest influx of people into the capital", which contradicts your statement.