How much house will £200,000 buy you? – graphic
Oxford professor and author Danny Dorling tells Channel 4 News house prices cannot continue going up “because we are not getting richer”. But what can you afford across the UK and the world now?
House prices have consistently continued to rise, especially in the UK capital London, and government figures released on Tuesday said that a quarter of a million people have been squeezed out of the housing market since the government’s Help to Buy scheme began.
Last month, David Cameron denied that the scheme was helping to fuel the housing bubble.
Mr Dorling says that the government should actively suppress house prices and rents, and in his new book he calls for the UK to adopt schemes from other countries such as rent controls, long term tenures and fewer tax breaks for landlords.
See the report from Culture and Digital Editor Paul Mason below.
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