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Evening Standard
Evening Standard
Business
Mark Banham

Homeowners and buyers forced into property compromise

The UK housing market is becoming clogged by the lack of available properties

(Picture: Getty Images/iStockphoto)

Homeowners and buyers at all stages of the property ladder are being forced to compromise on their living conditions as a lack of appropriate housing supply is available due to the ongoing property crisis, according to a new report from Yorkshire Building Society.

The report conducted among 1,750 UK adults  found that two thirds of Britons (59%) felt trapped in property that doesn’t meet their needs, but have nowhere to go as insufficient suitable housing, the cost of moving and properties being too expensive in their desired area all become barriers to their perfect home. 

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