UK housing market ranks lowest in value for money among global peers

Posted on April 1, 2024   |  

Britain's housing market is noted as offering the least value for money among advanced nations, impacting the upcoming election.

Homes in Britain provide less space per person compared to other developed countries like France, Germany, Japan, the United States, and Taiwan.

British residences are situated farther from job opportunities than those in most other European nations, and they tend to be older and less insulated.

Despite the government's aim to achieve net zero carbon emissions by 2050, UK homes still lack energy efficiency.

The UK faces a housing crisis due to a persistent shortage of affordable housing, leading to rising rents and house prices.

This crisis is exacerbated by a cost-of-living crisis, driven by high inflation and elevated interest rates, making it difficult for Britons to secure financing for their first homes.