* UK house prices increased by 7.7% in the year to November 2015
The continued rise in UK house prices revealed by the ONS today highlights the need for a limit to rent rises and an immediate review of affordable rents, according to the Green Party. [1]
Green Party leader, Natalie Bennett wants greater protection for people living in private rented accommodation that includes the creation of a Living Rent Commission by the government.
Bennett said:
“For young people, this rise in house prices means that the prospect of owning a warm and secure home is at best decades away or at worst an impossible dream. Many are now consigned to expensive and poor quality private rented accommodation that leaves them with very little money at the end of the month.
“This news, coupled with the continued decrease in social housing stock, means that the government must immediately impose a cap on rent rises as part of a multi-pronged approach to help the UK’s 11 million private renters. Going further, Greens have been vocal about the creation of a Living Rent Commission to establish what acceptable rates of rent should be. There’d be no better time than now to get this discussion started.”
ENDS
Notes:
[1] http://www.ons.gov.uk/ons/rel/hpi/house-price-index/november-2015/stb.html