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The issue of housing affordability has never been more pressing for Londoners. And it’s an issue many voters want to see addressed by political parties in next week’s general election.
The UK goes to the polls on Thursday, December 12 to elect a new government.
Much of the public debate has been around Brexit and when or if the UK eventually does leave the European Union.
Housing, however, is an issue affecting people of all ages and incomes. The matter is particularly acute in London where house prices have risen faster and more steeply than anywhere else in the UK. Rents are also much more expensive while average salaries have stagnated or fallen back.
So, what solutions are the major parties offering in the 2019 general election?
We took a look through the manifestos of the three main parties – Conservative, Labour and Liberal Democrat – to find out what they intend to do about housing and the property market in England.
Having been in government since 2010 in coalition and alone, the Conservatives have already implemented housing policies such as Help to Buy and first-time buyer exemptions on stamp duty.
Their 2019 general election manifesto also promises:
The 2019 Labour general election manifesto focuses more on private renters than on homeowners, first-time buyers and social renters.
However, the party does promise changes in how the property market operates. Its manifesto pledges include:
There is no commitment in the Liberal Democrats‘ 2019 general election manifesto to any change to Help to Buy or reform of leasehold.
Instead the party’s commitments are on improving the energy efficiency of existing properties and ensuring new-builds are zero carbon.
The LibDems have also promised to:
Polling opens in the general election at 7 am on Thursday, December 12 and closes at 10 pm.
Fran is the content writer for Capital Conveyancing, producing articles on all aspects of the conveyancing process and around the UK property market in general. If there is a topic you'd like to see covered on these pages, please drop Fran a line on [email protected]