UK housing stock falls short compared to other countries

The Resolution Foundation's housing outlook report reveals that the UK's housing stock is "expensive, cramped and ageing", offering the worst value for money among advanced economies. The report compares homes in England to those in the United States, Germany and France, highlighting the UK's lower average floor space per person. Additionally, the UK has a higher percentage of older homes, which are poorly insulated and prone to higher energy bills and dampness. Adam Corlett, principal economist at the Resolution Foundation, said: "Britain's housing crisis is likely to be a big topic in the election campaign, as parties debate how to address the problems of high costs, poor quality and low security that face so many households. It is decades in the making, with successive governments failing to build enough new homes and modernise our existing stock".

Daily Mail (25/03/2024)   The Guardian (25/03/2024)   The Independent (25/03/2024)   The Times (25/03/2024)