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Housing: Prices

Volume 481: debated on Tuesday 28 October 2008

To ask the Secretary of State for Communities and Local Government whether she has considered the merits of implementing a scheme to narrow the gap between house prices and wages. (227928)

The Government do not set house price levels or private sector wages. Our current policies aim to increase the supply of housing and widen affordability. The Housing Green Paper published in July 2007 ‘Homes for the future: more affordable, more sustainable' (CM 7191), set out our target to raise annual housing supply to 240,000 additional homes a year by 2016 in England.