New Homes [Image: Tim Prater]

Housing

Everyone always talks about the national target for new houses, but what really matters is whether they are affordable or not. We’re committed to building 150,000 homes for social rent a year, and that’s the fastest way to bring down prices.

To protect this investment, councils will be given powers to limit right-to-buy. So many ex-council houses just end up back on the market, but for private rent at twice the price.

  • 150k new homes for social rent a year
  •  Enable local authorities to buy land at existing use value
  •  Ban no-fault evictions
  •  New powers to limit right to buy

Most important of all, we’ll act to fix the underlying reason for housing inflation which is the cost of land. When farmland is given planning permission, its value can jump by 200x or more. This is an unearned profit which is preventing a whole generation of potential homeowners from ever getting started. We will empower councils to acquire land at existing use value by reforming the Land Compensation Act 1961.

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