The House of Lords has launched an “urgent” investigation into the housing market and wants views. The inquiry, by the economic affairs committee, will investigate the supply and affordability of housing for both rent and buy. It will also look at Stamp Duty reforms and whether rent controls would be a good idea. Launching the inquiry, committee chairman Lord Hollick said: “There are clearly serious issues with the UK housing market. “Across the country, young people in particular are struggling with the cost of housing, whether they are looking to buy or rent. “There is an affordability crisis in housing. “We would like to get to the bottom of the affordability crisis. Is the primary cause a lack of supply? “What effect have recent government initiatives to encourage first-time buyers had? “Or is there too much emphasis on owning your own home and should we be focusing efforts on ensuring adequate affordable housing is available for rent?” The inquiry also particularly wants evidence on: Written views are requested by December 17.
The House of Lords has commissioned an " urgent " investigation into the supply and affordability of housing to rent and buy in the uk . The inquiry will also look at the recent Stamp Duty reforms and will consider whether rent increases are necessary . The House of Lords recognises the economic crisis in the housing market and they want to explore whether there are tax cuts that could significantly improve the problem .