Next Gen News

. National Housing Federation says home ownership falls

Group predicts home prices increased by 21% for the year 2016

. Revenue should

increase by almost 20% in 2016

. Call for more housing to address the crisis

The housing market is in crisis, declining home ownership and housing prices soar, a study has warned.

house owned in the crash of England, only 63.8% over the next ten years - the lowest level since mid-1980, forecasts of the National Federation of Housing, released Tuesday said

huge deposits, combined with high prices and stricter lending criteria, were sent to the property in decline, the federation said.

Housing Minister Grant Shappa, admitted that "we were not building houses enough," but insisted that the government was "in the investment process through the planning Reform of mass "and a" major program "that involves the release of thousands of acres of public land to build new houses.

The National Housing Federation, which represents housing associations in England, warned that the housing market plunged into an unprecedented crisis, as sharp increases are also expected in the private rental sector and a boom house prices. They blamed the dismal prospect of an under-supply of housing in the UK.

Chief Executive David Orr said: "With the property decreases rapidly rising rents and waiting lists for social housing to a record, it's time to face the fact we have a market Housing totally dysfunctional.

property "is becoming the preserve of the rich and, in some parts of the country, including London, the very rich.

"And for the millions trapped in the housing market, the options are more limited than demand sends rents increase and social institutions waiting lists are at record levels."

Shappa

said that the reason house prices had become so inaccessible was a tripling of prices in the space of 10 years, from 1997 to 2007, which put them beyond the reach of many people.

placed on the study of forecasts of future levels of home ownership, the minister later said the forecast was "terribly difficult" to do and were "almost always wrong."

said that thousands of pages of planning guidance and the law have been reduced to about 60 pages on a reform "that even the National Housing Federation, has prepared this report this morning, approved ".

added that it would be very disappointed if not achieved the goal of building more houses.

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