All parties recognise the national housing shortage and are committed to building more homes and addressing issues of affordability. Below is a snapshot of their key election policies which aim to solve the housing crisis:
- Intend to meet their 2015 commitment of building 1 million homes by the end of 2020, with a further 500,000 by the end of 2022.
- Build 160,000 houses on government owned land.
- New deals to allow local authorities to build more social housing.
- Fixed-term social houses, to be sold privately after 10 to 15 years with an automatic right to buy for tenants. Cash raised from sales to be used to build further properties.
- Also promise to build 1 million new homes, including 100,000 council and housing association homes a year by the end of next parliament.
- Right to Buy suspended
- 4,000 homes to be made available for people with history of rough sleeping
- Promise to build 300,000 homes a year and create 10 new garden cities in England
- Propose a ‘rent to buy’ scheme for first time homeowners
- Young people still living with their parents could qualify for a loan of up to £2,000 to help them move out
- Levy up to 200% council tax on second homes
- Promising to provide up to 100,000 new homes for younger people each year by rolling out high quality, low cost factory built modular homes, affordable on the national average wage of £26,000.
- Release dormant government land for affordable homes
- Promise to invest in community house-building projects to provide affordable housing
- Build affordable, zero carbon homes, including 100,000 social rented homes each year by 2022
- End Right to Buy at discounted prices
- Trial a Land Value Tax to encourage the use of vacant land and reduce speculation