Poll: Do you think house prices are becoming too high?
Property prices in England are in danger of doubling over the next decade to around £446,000 unless stronger action is taken to tackle the "broken" housing market, a report from charity Shelter warns.
The research, compiled by Shelter and KPMG, found that property prices could quadruple in 20 years if more is not done to tackle the housing shortage which is seeing 100,000 fewer homes than are needed being built each year.
The average house price is estimated to rise to more than £900,000 by 2034 if current trends continue, based on modelling using the Nationwide Building Society's house price index.
The report, titled Building The Homes We Need, maps out a programme for the next parliament that it says would help the next government turn the tide on the housing shortage by raising house building levels to 250,000 a year by 2021, which would meet the growth in demand.
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