House prices will continue to rise despite the cost of living crisis

Seven in 10 Britons expect house values ​​to climb even higher nationally and two-thirds expect to see increases in their own region. Only 18% consider that a further price increase would be beneficial for the country, but 41% admit that they will benefit from any increase.

The belief that increases will continue despite experts saying the market has peaked due to the cost of living crisis.

Some 59% consider that the next 12 months will be a good time to sell a property while 35% say it will be better to buy one.

But in a sign of growing concern over the housing crisis, 72% of people in England support the introduction of rent control, according to the Ipso poll.

And some 65% favor giving powers to local councils to raise council tax on second and empty homes.

The new extension of Boris Johnson’s right to buy social housing policy was backed by 56% of more than 2,100 adults polled.

Yet 36% said the lack of affordable housing and high prices are the biggest housing problems facing Britain today.

More than two-thirds are unconvinced that the government and developers will build enough new affordable homes in the next few years.

Ben Marshall, director of research at Ipsos, said: “It’s a sign of the pessimism surrounding housing in Britain that people expect things to get worse when it comes to both features of the housing crisis they consider the most important – the rise in real estate prices and the construction of sufficiently affordable housing houses.

“Extending the right to buy gets majority support, but so does controlling rents and giving local government more powers to tackle second and empty homes.”

Around three in 10 say a lack of social housing is a major problem, while 28% say rents are too high and 58% of renters say rising home values ​​are not good for them.

Ministers have previously ruled out introducing controls – whereby rents do not rise above inflation.

Eddie Hughes, Minister for Housing and Communities, said the government was ‘not committed to the idea of ​​rent control because all it does is stop investment in properties – and that is the last thing we want to do”.

Comments are closed.