House Prices: UK Faces Shortfall Of 750,000 Homes – Report

Published by The Huffington Post on Tuesday, 25 October 2011
The government must find new sources of finance to fund the construction of 250,000 new homes per year, if it is to solve the UK’s housing crisis, a new report from the Institute for Public Policy Research (IPPR) has said.

England will have a 750,000 shortfall of homes by 2025, with London, the South East, the East of England and Yorkshire and Humberside the worst affected.

“We are facing a housing crisis, with a huge gap between the supply of new houses and our demand for more homes,” IPPR senior research fellow Andy Hull said. “The forthcoming housing strategy will be a serious test of whether the government appreciates the depth of our housing crisis and is smart enough to unlock the funding to build new homes. We also need Government action to get developers developing.”

Bringing local governments onside …

Tags: high demand for homes, housing crisis, housing shortfall, new homes, property

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