The government should look to build an extra 270,000 new homes on top of its existing targets if it wants to meet demand, the National Housing and Planning Advice Unit have said.
The advisory body claimed that the three million new homes aim, will not resolve the problems for many first-time buyers, especially with predictions for continually rising prices.
Current house price inflation has meant that average UK property now costs seven times the average salary, and this is expected to rise to nine to ten times the average.
It is suggested that Britain's population would rise to 70 million come 2028, a figure that coupled with the housing shortfall is likely to result in more people turing to the rental sector in the future.
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