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UK | Residential

Housing the Nation Summer 2013

Housing the Nation - June 2013

This is the fourth in our annual series of Housing the Nation reports, which assess the issues surrounding the UK’s housing shortage. Including industry consultation, it looks at the challenge of delivering housing and puts forward recommendations to the Government on how to improve delivery.

- There is still a significant housing shortfall – we estimate that targets this year will be missed by at least 51,000

- Local Authorities in England have reduced targets by 7%

- Completions in Q1 2013 are already 23% lower than Q1 2012

- 15% of the population is currently in the private rented sector and we expect that figure to double over the next 10 years

- The fundamentals of PRS are strong and the sector is beginning to be recognised as such by institutional investors

- Help to Buy may help boost the regional markets over the medium term, but will not address the short term lack of housing or the issues facing London

- The National Planning Policy Framework has been widely viewed with success but further planning reform could help the delivery of more new homes

- There needs to be a relaxation on Greenfield sites on town centre boundaries if we are serious about tackling the shortfall

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