As reported recently in the Telegraph the Government has published a White Paper which details new proposals to support the housing sector and address some of its dysfunctional problems. Unfortunately, the Paper has misssed the opportunity to fundamentally address the real issues. The Telegraph article sets out matters which should have been addressed.
The key points are:
It hasn’t dealt with: the small house building sector; the five year supply of housing land (see picture below); no assistance for older people to downsize from a large family home to a smaller house; poor attempt to deal with affordability for first time buyers; no new initiative on council house building.
CREDIT: NATHANIEL LICHFIELD & PARTNERS