Johnson's 'build, build, build' marks a promising start to lower house prices

Tucked away in a government consultation paper this month are policy ideas which may make dealing with the unfolding recession more bearable for millions of families and even assist the drive towards economic recovery. The Johnson government now seems willing to tackle widespread planning reform, potentially unwinding decades of an escalation of housing prices to excruciating and unaffordable highs.

Since 1970 UK properties have gone up in value by more than 300 per cent, even after taking account of inflation. In the last 40 years, prices have risen at more than twice the rate of the USA and the eurozone countries. The impact on family finances has been extraordinary. In the 1970s, an average worker would need to find about three times his or her

Read original article here.