Britain’s ageing homes offer ‘worst value for money’ of major economies
Britain’s ageing house stock offers the worst value for money of any advanced economy, the Resolution Foundation found in a recent survey.
If you’re looking to buy a property — which, unfortunately, I am for the first time — here’s a hefty dose of anxiety about the housing market to top you up.
Britain’s ‘expensive, cramped, and ageing housing stock offers the worst value for money of any advanced economy,’ says a think tank called the Resolution Foundation. Great.
This grim summation was arrived at after comparing the costs, floorspace, and liveability markers across the markets of several developed countries. UK households are ‘getting an inferior product in terms of both quantity and quality,’ asserts the think tank.
If you’re living in Britain and aren’t part of the richest 1 percent, these revelations probably won’t come as much of a surprise. Nonetheless, let’s get into the specifics of why our generation is so screwed when it comes to ending the cycle of renting and getting on the so-called ‘property ladder’.
