Britain has too few homes for sale - Telegraph

Britain has too few homes for sale - Telegraph

They are a national sport, an unhealthy obsession, guaranteed to lift newspaper sales and warm up the most icy dinner-party conversation: I refer, of course, to Britain’s house prices. Napoleon’s nation of shopkeepers has indeed become a nation of homeowners, every one of us determined to acquire a slice of Eden to call our own. But there’s trouble in paradise.

New figures compiled by Oxford Economic Forecasting and the National Housing Federation prove the point: home ownership in the UK is expected to fall to 64 per cent in 2021 from a peak of 73 per cent two decades earlier. By 2012, London, for the first time in decades, will have fewer owner-occupiers than tenants. The generation promised “homes for all” may well beget an era of high-priced rents and housing instability.