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Understanding Affordability – The Economics of Housing Markets - Policy Press Scholarship Online
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Understanding Affordability: The Economics of Housing Markets

Geoffrey Meen and Christine Whitehead


Affordability is, perhaps, the greatest housing problem facing households today, both in the UK and internationally. Even though most households are now well housed, hardship is disproportionately concentrated among low-income and younger households. Our failure to deal with their problems is what makes housing so frustrating. But, to improve outcomes, we have to understand the complex economic and political forces which underlie their continued prevalence. There are no costless solutions, but there are new policy directions that can be explored in addition to those that have dominated in rece ... More

Keywords: Affordability, House prices, Rents, Household formation, Tenure, Housing supply, Housing finance, Housing taxation, Planning, Housing subsidies

Bibliographic Information

Print publication date: 2020 Print ISBN-13: 9781529211863
Published to Policy Press Scholarship Online: January 2021 DOI:10.1332/policypress/9781529211863.001.0001


Affiliations are at time of print publication.

Geoffrey Meen, author
University of Reading

Christine Whitehead, author
London School of Economics