WE are now facing the worst housing crisis in half a century. This is hammered home in a report by Shelter, which reveals that someone paying rent for an average two-bedroom home in Yorkshire would have forked out £29,808 to their landlord over the last five years – £1,500 more than the amount needed for a 20 per cent deposit on the average first-time buyer’s home.
In December, George Osborne unveiled measures aimed at boosting housebuilding and turning “generation rent” into “generation buy”. But this alone is not going to solve the country’s housing crisis. We are in danger of leaving future generations unable to buy or rent.