UK Needs To Build 300,000 Homes A Year To Meet Current Housing Shortfall


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The UK Government must lift its home building target by 50% and build 300,000 new homes each year to tackle the current housing crisis, according to a report from the House of Lords Economic Affairs Committee.

The report suggests that local authorities and housing associations must be freed to build substantial numbers of homes for rent and for sale and points out that the current targets will fail to meet the demand for new homes or moderate the rate of house price increases.

Nick Marr, co-founder of property classifieds site, TheHouseShop, believes that the report’s strong criticism of the Government’s constant intervention in the private rental sector should be addressed.

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