Os­borne: A decade of price rises ahead

Yorkshire Post - Property - - PROPERTY -

HOUSE prices are likely to keep on ris­ing for the next ten years, ac­cord­ing to the Chan­cel­lor Ge­orge Os­borne.

He told the House of Lords that the coun­try’s short­age of hous­ing was an his­toric prob­lem and crit­i­cised “nim­bys” for slow­ing down plan­ning re­forms.

“I imag­ine if we were to as­sem­ble in ten years’ time, we would still be talk­ing about the chal­lenge of mak­ing sure that our hous­ing sup­ply keeps up with de­mand,” he said.

He also de­fended the gov­ern­ment’s Help to Buy phase two scheme, which is aimed at help­ing first time buy­ers and sec­ond step­pers to ob­tain 95 per cent mort­gages on both new and sec­ond-hand homes.

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