This petition was submitted during the 2015-2017 parliament
Rejected petition Bring down and stabilise house prices
Since 2000, UK house prices have increased by over 140%, far outstripping wages and inflation. More and more people are forced to rent or live with parents, the average new home-owner is now 35. We call on the government to work to bring down house prices and stabilise them at an affordable level.
More details
Previous governments have encouraged rising prices to benefit existing owners, seriously limiting younger people.
We know the government does not directly control prices, but there are many ways to influence them:
-Restrictions on large scale and foreign investor landlords,
-Protect council houses and housing associations,
-End low rates for buy-to-let,
-Progressively tax multiple properties.
We call on the government to consider any and all options.
Homes are more important than investments.
This petition was rejected
Why was this petition rejected?
It’s not clear what the petition is asking the UK Government or Parliament to do.
We're not sure what action you would like the UK Government or Parliament to take. As you correctly highlight in your petition, the Government has no power to intervene in the market to control prices. It cannot therefore bring down and stabilise house prices.
You could start a new petition calling on the Government or Parliament to take a specific action, although you may find that the Government is already pursuing some of the policies you suggest. You can find out more about the Government's affordable housing policies here:
https://www.gov.uk/government/policies/house-building
We only reject petitions that don’t meet the petition standards.