The Housing Trap

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by Kay Murchie

A programme called The Housing Trap is on Monday 5 November on Channel 4 at 8.00pm. It questions whether Britain’s house-price boom will create a new generation unable ever to afford a home of their own.

The programme follows 3 sets of first-time buyers on their quest to search for a property, competing against buy-to-let investors and increasing property prices.

Furthermore, the programme examines the government’s position on the current housing crisis, arguing the needs of investors must be sacrificed in order to allow this generation to take their place on the ladder.

According to a recent survey by YouGov poll, Britain’s first time buyers are facing extinction as the next generation of home owners face a lifetime of renting.

The New Homes Marketing Board (NHMB) said an increasing amount of people are desperate to get onto the property ladder in spite of increasing property prices and a lack of available homes.

David Pretty, New Homes Marketing Board Chairman, recently said that the next generation can’t afford to purchase a property or may not be able to afford to rent a modest home in the future either - it’s a social time bomb.