The UK’s “expensive, cramped and ageing”
housing stock fares poorly compared with other advanced countries, analysis by a thinktank suggests.
Households are paying more than other countries – but
getting less in return, the Resolution Foundation said. “When it comes to housing, UK households are getting an inferior product in terms of both quantity and quality,” the thinktank said.
The Foundation’s housing outlook used OECD data to compare the
UK’s housing issues with other similar economies.
Adam Corlett, principal economist at the Resolution Foundation, said: “Britain’s housing crisis is likely to be a big topic in the election campaign, as parties debate how to address the problems of high costs, poor quality and low security that face so many households. “Britain is one of many countries apparently in the midst of a housing crisis, and it can be difficult to separate rhetoric from reality. But by looking at housing costs, floor space and wider issues of quality, we find that the UK’s expensive, cramped and ageing housing stock offers the worst value for money of any advanced economy.
The Graundia