3 bed terraced houses with access to good schools, 50-60 minutes out central, sell for £1M, so if you're entering the area want a family you really want a household income of £200K+.
It's changing now as land that was allocated for housing usually gets central government overriding permission to local authorities.
The process is currently:
- Building company submit plans for housing - NIMBYS reject it because it's a flood plain. (They always magically become flood plains) - Building company submit alternative plans that are much nicer, give a lot more to the community and build public services. - NIMBYS get it rejected again - Building firm go to central government and just get approval for massive housing development which is most worse that the original plan.
Hopefully all these additional houses will reduce the pressure on the housing market but we are hundreds of thousand houses short of required stock for our current population. We have people living long term in hotels because the government can't make them homeless.
https://citymonitor.ai/government/england-short-4-million-ho...
The UK is short about 4 million houses. We have 4 million families who are homeless without anywhere to go.
If we banned second home ownership it would only knock about 10% off that number.
https://commonslibrary.parliament.uk/research-briefings/cdp-...
That's a pretty crappy situation where we don't even have enough houses for people to rent.