In this report, Ben Cooper and Palma Oxley analyse the scale of the decline in homeownership among young people, its causes, and its impact on new-build housing supply. They set out a series of recommendations to help more people afford their first home, reduce the costs of homeownership, and improve consumer outcomes for those buying a new-build property.
This paper sets out a stimulus package of ‘quick wins’ to ramp up the number of good quality homes built in the communities that need them. Implemented together, these reforms could deliver an extra 87,000 dwellings a year – equivalent to raising predicted housebuilding in 2029-30 by 36 per cent. The proposals would help England build over 300,000 homes in a single year for the first time since 1969.
PALMA OXLEY: As Toronto's experience shows, simply building more homes is not always the answer
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