Rishi Sunak is said to be considering reinstating Help to Buy 🏚️ But the director of PricedOutUK told theipaper the scheme “is a sticking plaster on a completely broken housing market'
May 2, 2023 11:42 am
“Help to Buy is a sticking plaster on a completely broken housing market – we haven’t built enough homes for 40 years,” he told“If you just give this demand-side injection of cash, that actually pushes up prices, rather than fixing the underlying cause, which is that there aren’t enough places for people to live. You’re just shuffling around the stock.”
“We need to build more houses across the country and houses of all types, and the Government needs to take that issue seriously,” he continued. “With gross housing value at three times our gross equity value, and a housing deficit of 4.3 million, redistributing tax revenue from the stagnant wages of young people into their own mortgages makes very little fiscal sense.”
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