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YouTuber reacts to Tory and Labour first time buyer plans

London YouTuber Ellen Richardson doesn't believe that either David Cameron or Ed Miliband's housing pledges will be enough to tackle the housing problem for young people.

Speaking to ITV News, she said the promises outlined by the Conservatives and Labour were "good" but are "drops in the ocean compared to what is actually needed to deal with the housing crisis".

Miliband: Dream of home ownership disappearing for many

Labour leader Ed Miliband said the Prime Minister's plan on housing had "failed Britain and failed families".

Miliband: Dream of home ownership disappearing for many Credit: Rui Vieira/PA Wire

There is no bigger priority for the next Labour government than building homes again in our country.

Because frankly right across the board - it's not just this government, but it is this government - we haven't done enough as a country on housing.

Under this government we are building fewer homes than at any time since the 1920s and record high numbers of families are being forced to rent.

For far too many people the dream of home ownership is disappearing into the distance.

Labour has a better plan to build hundreds of thousands of new homes, ensure that local first time buyers are given priority and get a fairer deal for millions of families that rent.

– Ed Miliband


Half of people 'fear they will never get on property ladder'

More than half of people fear they will never be able to own a house in the city where they live, according to a new study.

The research found that 54 per cent of people believe a lack of affordable housing will push them out towards the suburbs as city living becomes increasingly unsuitable.

The high cost of living, a lack of jobs and minimal green space were also criticised in the survey Credit: PA

The high cost of living, a lack of jobs and minimal green space were also criticised in the survey by paints company AkzoNobel.

Housing Minister Brandon Lewis said the government had ploughed £19.5 billion into building new affordable homes to tackle the housing problem.

He said around 700,000 new homes had been built in Britain since the end of 2009, with building new homes a central part of the government's economic plan.

Rics: Construction industry skills shortage 'worrying'

The problem of skills shortages in the construction industry looks set to peak in five years' time, when it is estimated that thousands of businesses will be turning down work, according to Royal Institution of Chartered Surveyors

Surveyors play a pivotal role in the delivery of every construction project. Simply put, without surveyors, things don't get built.

That's why our research is worrying. If so many firms are turning down work due to a lack of available talent, demand for skills will soon far outstrip the supply.

For many companies, that time is already here, but the next few years look like a real tipping point. Construction as an industry looks set to grow, but at this rate it's very unlikely that we'll have the capacity or the capability to fulfil planned projects.

– Alan Muse of RICS

Housing Minister Brandon Lewis said: "Maintaining the supply of skilled workers has been key to getting the country building again."


Report: Construction industry threat over skills shortages

A new report has warned that worsening skills shortages in the construction industry could threaten 27,000 projects a year by 2019.

Report Construction industry threat from skills shortages. Credit: PA

The Royal Institution of Chartered Surveyors (Rics) issued the dire prediction after a study found that most surveyors were having recruitment problems because of a shortage of suitably qualified candidates.

A survey of 75,000 members of Rics also revealed that more than two out of five were turning down new business because of the "dearth" of skilled workers.

Lloyds: 'Second steppers' get property ladder boost

A Lloyds Bank report found that people who were living in the first home they had ever bought and were trying to take their second step on the property ladder saw their equity position boosted by an influx of first-time buyers into the market in 2014.

An aerial view of houses on residential streets in Muswell Hill, north London. Credit: PA

Schemes such as Help to Buy helped to widen the availability of low deposit mortgages for people trying to take their first step on the property ladder, helping to unleash a flood of demand from first-time buyers into the market last year.

Lloyds estimates that potential "second steppers" are now sitting on £10,000 more equity in their home than they were a year ago, due to the increase in prices paid for first-time buyer homes.

On average, potential second steppers are now estimated to have £76,131-worth of equity sitting in their existing home, giving them a 25% deposit for their next property, for which they will typically pay £299,428.

Number of home owners moving hits a seven-year high

A report has found that number of home owners moving house reached a seven-year high in 2014 as rising property values boosted the amount of cash they had sitting in their existing homes.

Number of home owners moving house hits a seven-year high. Credit: PA

An estimated 365,400 people moved home last year with a mortgage across the UK, marking an 8% year-on-year increase and the highest figure seen since 2007, Lloyds Bank found. The report said that surging house prices last year boosted the equity position of many home owners, helping them to make the jump up the property ladder.

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