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Two in five homeowners would welcome move to reduce house prices

Written by: Paloma Kubiak
A substantial 41% of homeowners said they would support action to bring down house prices by a ‘moderate amount’ in their local area, a YouGov survey has found.

Given the government’s pledge to fix Britain’s housing market with a number of measures to stimulate housebuilding and improve affordability, YouGov has examined the public’s support in bringing house prices down.

It found that 49% of Brits said they would back the government’s attempt to bring house prices down a lot in their local area, compared to 36% who would reject such plans.

The thoughts on this naturally vary between homeowners and non-homeowners with homeowners opposing by 51% to 35% while non-homeowners would support such a move by 68% to 14%.

While more non-homeowners would be in favour of moves to curb house price rises (68%), 41% of homeowners would also be keen. However, 45% of this group don’t want this to happen.

The YouGov survey also found there is strong opposition to house price increases. Just a quarter of homeowners back the idea of house prices rising in their local area but six in ten are against such an idea.

Homeowners are most likely to back maintaining house prices at their current level (45% in favour vs 38% against). Turning to non-homeowners, the figures are 54% to 23%.

The results, published by data journalist, Matthew Smith, reveal there is more support for building a moderate number of new homes (56%) in their local area, while 43% said they would welcome a large number being built.

In contrast with the opinions on house price changes, there is far less of a difference between homeowners’ and non-homeowners’ opinions when it comes to the prospect of new homes being built in their local area.

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