Property News · May 8, 2016

Newbuilds alone can’t provide the affordable homes we need | The big issue


Builders cannot build at prices new households can afford – they would go brokeThanks for your excellent housing special last week. It is a great relief to see a discussion that doesn’t start from the proposition that the answer to making housing more affordable is to just build more houses.New houses are only about 10% of annual flow on to the market, so the numbers that would be needed to lower prices by adding to supply are huge. (Kate Barker’s 2004 report to Gordon Brown, which started it all, said it would take an extra 70,000 homes per year, continued for 10 years, to “price into the market” just 5,000 more households a year.) Continue reading…

Source : theguardian.com
Read more…Newbuilds alone can’t provide the affordable homes we need | The big issue

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