INTERNATIONAL REPORTS
24/06/2011
UK | Residential
Housing the Nation Summer 2011
Housing supply across England - June 2011
A range of key industry figures and MPs has provided their views on how the Government will reconcile localism with the continued need for quality housing and economic growth.- The undersupply of housing is well recognised as a problem for the UK economy, which has one of the lowest housing vacancy rates in the EU at just 3%.
- Successive governments between 1993 and 2010 tried to use the planning system to stimulate housebuilding.
- On entering Government in May last year, the Coalition proposed a completely different approach by abolishing housing targets and all regional planning.
- Compounding this problem is the recent steady reduction in housebuilding, a 40% drop in only three years.
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