UK housing crisis deepens, offering the worst value for money in advanced economies

A new report reveals that homes in England are more cramped and aged compared to international peers, exacerbating the housing affordability issue.

The UK's housing stock is described as 'expensive, cramped, and ageing', lagging behind most developed countries in terms of value for money.
Homes in England have less floor space per person than those in New York City, Germany, France, and Japan, with the UK housing market being the most expensive relative to general prices in the OECD.
38% of UK homes were built before 1946, making them the oldest in Europe and leading to poor insulation and higher energy bills.
Despite government efforts, the UK struggles to meet housing demand, with only 234,400 new homes added in 2022/23, far below the targeted 300,000 per year.
The housing crisis is expected to be a major topic in the upcoming election, with parties debating solutions to high costs, poor quality, and low security for many households.