Locked Out: Generation Faces Housing Crisis Catastrophe - realestate.com.au
3 Articles
3 Articles
Are we running out of homes in the UK? - Property Notify
This might seem a bit of a dramatic title, but for the first time, I am really worried. With councils under unprecedented financial strain, homelessness figures rising, and intense competition across both the rental and homeownership sectors, the evidence points to a horrendous housing crisis that can no longer be ignored. Housing Need: The Stark Statistics According to housing charity Shelter, as of last Christmas, an estimated 354,000 people i…
Locked out: Generation faces housing catastrophe
OUR housing affordability crisis has reached code red status as runaway construction costs threaten to permanently lock out a generation of potential homeowners. A new analysis reveals a construction sector in turmoil, with renovation expenses surging a staggering 43 per cent since late 2019 and building material prices remaining stubbornly elevated, sitting 35.4 per cent above pre-pandemic levels. The crisis, driven by a perfect storm of crippl…
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