London, England -- (SBWIRE) -- 05/20/2015 -- Leading London removals company, Safe Removals, recently commented on the reports which have revealed that over one million people in the country are avoiding buying housing, due to the high costs.
New figures from Priced Out determine that over 1.2 million currently don't own their own homes since the coalition formed in 2010, due to the rise in house prices by 17% and wage growth has been low. Since the coalition, 69% can no longer afford to buy, in comparison to 54% before the coalition.
Instead people have opted to rent instead, as 3.8 million are living in private rented housing, which is an increase from 2.5 million. Despite a home ownership scheme launching in 2013, the uptake in people buying housing hasn't seen a significant increase.
The director of Priced Out, Duncan Stott, said, 'Throwing money at buyers with initiatives like Help To Buy is dangerously counterproductive. If the next government is serious about reviving home ownership, its top priority must be to set about building enough homes to end price inflation, otherwise more and more people will become stuck in a lifetime of renting.'
The problem with the Help To Buy scheme however, is that while one may receive help with the service, others will struggle with the rice in house prices. It a system which needs to either be scrapped or tweaked to benefit all.
Often commenting on industry news, a spokesperson for Safe Removals said, 'In 2015, while buying is down, renting is at an all-time high, and more people are moving than ever before. It's unfortunate that owning a house is so inaccessible for many, but it isn't the end for moving out, and at Safe Removals we offer competitively priced removal services in the Thames area, making it cheaper and easier than ever to move!
Renting means you don't have to be stuck in one place, and renting removes any need to commit to a place you don't particularly want to stay at. It's worth looking at the benefits available through the living options available for those who can't afford to outright buy a house.'
About Safe Removals
Safe Removals is a leading London removals company, offering a range of removal services for both business and home. Packing and storage services are also available, and the team have years of experience in the field to make sure each move takes into account the size and contents of the house when making the move.
To view the full range of removal services offered at Safe Removals, visit http://www.saferemovals.co.uk today.
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