Rising house prices encourage property speculation, further pushing up rental prices - the type of housing the majority of young people first move into after leaving home.
The effect this has on narrowing young people's housing options is seen most markedly in the support available to the 80,000 vulnerable young people in housing need in England. Housing charities have been warning that rising rents are pushing more homes beyond the reach of social housing tenants, with an increasing trend being seen in landlords not accepting benefits recipients because they can get more money from private tenants.
These factors have prompted the YMCA to develop a prototype flatpack housing concept that could offer vulnerable young people a route out of spirit-crushing hostels and bed and breakfasts. At £30,000 each, it represents a tenth of the cost of the average one-bedroom flat in the part of south-west London where it has been trialed. The potential is huge and more schemes are needed.
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