But of course most people don’t have to sell. They may sit on the property to avoid taking a loss. That makes inventory tight, and means prices won’t fall as much as they otherwise would.
If we've got money for Ukraine, we've got money for housing.
But then there's ideology and beliefs. There lies the problem.
The owning class who say "not in my back yard" win regardless, because of the supply problem. And they're the ones both Labour and Tory parties kow-tow to.
Want to solve every problem in the UK? Well that's pretty much impossible after 50 years of mismanagement. But allowing housing and getting rid of other planning obstacles (for say north-south power interconnects) is probably the biggest quickest cheapest thing you could do to improve it. But that would upset land owners.
Also, aren't there plenty of unoccupied homes in Northern England towns? But there's no jobs. So there lies another problem. Supplies of houses where there's no jobs, and vice versa.