“The lack of housing supply is the biggest challenge facing the housing market today. Until 1990, the number of homes built every year was over 200,000, but the total has only exceeded that level in four years since, during the period between 2004 and 2007.
“The announcement of a new relaxation of strict planning regulations to encourage housebuilders to develop affordable homes is a positive development for both first time buyers who are struggling to get on the ladder as well as to the housing market as a whole.
“There is still more that needs to be done to ensure that the housing market functions as well as possible for all involved, and initiatives such as this or proposals to free up brownfield sites are a welcome rebalancing towards more supply side measures, essential for a fully joined up housing policy.”
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Notes to Editors:
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