Investment can help solve Britain's broken housing market

More affordable housing needed

The UK housing market is broken, with the average person only able to buy an average home in less than 10% of the country.

As prices continue to rise, it is becoming increasingly difficult for first-time buyers to get onto the housing ladder, and we will see a growing number of people remain renters their entire lives. While it was initially thought the Covid-19 pandemic may put a stop to this, the average house price quickly resumed its climb, breaching £240,000 for the first time during the second quarter of the year. This coincided with a drop in transactions from first time buyers, who now make up less than 25% of the market, compared to mortgaged movers who dominate the market at 36%. Although the...