According to a new report from the Social Market Foundation, the British housing crisis, which is seeing property ownership rates continue to fall among young people, could be eased by property crowdfunding, as would-be investors can club together and purchase a stake in a property for as little as £10. The report, published today, says that if more people were able to invest their savings into property, it would help ease the pressure on house prices – but only up to a point.
According to a new report from the Social Market Foundation, the British housing crisis, which is seeing property ownership rates continue to fall among young people, could be eased by property crowdfunding, as would-be investors can club together and purchase a stake in a property for as little as £10. According to City AM, which analysed the report: “This breaks down the barriers to housing market entry, and offers young savers a way of tracking house price growth, so at least a share of their deposit will keep pace with market price increases… Property crowdfunding could play an important role in democratising access to the housing market and ensuring more people can benefit from house price growth.”