Mark Littlewood writes for The Times
The price of housing has risen to such levels that the matter has zoomed up the list of the electorate’s concerns. Finding a swift and easy solution that is also politically palatable is going to be devilishly difficult. It will require unwinding a build-up of decades of restrictive planning policy that has led to a vast number of people with a substantial interest in maintaining the status quo. Whether or not you are on the housing ladder is rapidly becoming the principal determinant of your long-term wealth prospects. Since 1970, house prices in the United Kingdom have increased four and a half-fold, even after taking account of inflation. No other nation in the Organisation for Economic Co-operation and Development has seen a rise on anything like this level. Worse still, the ratio of floor space to occupancy is worse than in any comparable country. So, if you are fortunate enough to be on the property ladder, there is a fairly good chance that you live in a matchbox.
If you think you can find the best way of cracking Britain’s housing crisis — a problem born and bred entirely in this country and nothing to do with our EU membership — then you could make yourself £50,000 richer. Sadly, that won’t be enough to buy yourself a home, but it might amount to enough to put down a deposit.
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