It may not be the most ground breaking news but it confirms what many have long suspected. The National Housing Federation (NHF) report says that the UK faces an unprecedented “chronic under-supply of homes” in England. It claimed the acute shortage was a result of the difficult economic climate making mortgages difficult to obtain but that at the heart of the problem remains a chronic under-supply of new homes.
In 2010/11 just 105,000 homes were built in England – the lowest level since the 1920s.
More government investment in affordable housing would stimulate a wider, faster economic recovery and help fix our broken housing markets, according to the Federation.
It is calling for suitable surplus public land to be made available for the building of affordable homes, for local authorities to regularly assess housing need and for ministers to make a renewed commitment to building the homes the country needs. Minister Grant Shapps said government says it is making more land available for building and is investing £4.5bn in lower-cost homes that would “get Britain building again”. Shapps said: “That’s why I’ve announced plans to release thousands of acres of public land for house building.” But the NHF said Government plans represented a cut of 63% on the previous programme of government spending on homes to rent or buy. NHF campaigns director Ruth Davison said: “What we need to do is to build new homes.”
What to talk it through? Come and talk over your property investments with an IFA at Enable Independent Ltd.
No comments:
Post a Comment