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Aldermore calls for housing policy to emphasise supply

POSTED: 20th August 2015
IN: Newsroom
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Commenting on the release of the house building figures from the Department for Communities and Local Government for Q2, Charles Haresnape, Group Managing Director – Mortgages at Aldermore, commented:

“While it is encouraging to see that housing completions are up 15 per cent in the 12 months to June compared to the same period last year, the downward trend in housing starts, down 14 per cent on the previous quarter and 1% annually is cause for concern, although this may reflect the impact of the recent general election.

“With housing supply proving a continual constraint on the market, the number of starts and completions need to be increasing, especially if the UK is to hit the annual target from the Barker Review of Housing Supply of 250,000 homes a year.

“The Chancellor’s announcement to extend the government’s “starter homes” scheme to villages to boost rural housing levels is extremely positive, and continued effort to implement other initiatives like this is needed to achieve a more balanced housing policy.”

*Ends*

For further enquiries, journalists can contact:

Johnathan Priestley, Cicero Group

Phone:             020 7297 5954

Email:              Johnathan.Priestley@cicero-group.com  

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