A report from the Chartered Institute of Housing (CIH)shows how ownership amongst young people in England has dropped by a third during the past two decades. In 1992 67% of people aged between 25 and 34 owned their own home, compared to just 43% in 2012.
RICS launches commission to address UK housing crisis
The Royal Institution of Chartered Surveyors has created a special commission to determine the best approaches in dealing with the UK housing crisis. The decision was made as a year after a new housing strategy had been announced by the UK government, house building was still stalling while Britons showed a stringent need of more
FMB Asks UK Government to Boost the Construction Industry
The Federation of Master Builders has asked the UK government to look at ways of stimulating home construction within Britain as a way to kick-start the economy and help ease the housing crisis. Data from the Office of National Statistics shows output within this sector grew by just 0.3% during the final quarter of 2012, and this follows the fall of 2.5% between the second and third quarters of last year.