Blog Post

More homes promised

TomS - Head Tom Simper Jul 5, 2024, 14:00 PM

A critical lack of undersupply is a well acknowledged characteristic of the housing market in this country. Previous governments have pledged to build more; but planning and financial obstacles have often got in the way.

Labour have pledged to build 1.5 million homes in their first 5 years. This equates to 300,000 a year; in parallel with prior Conversative pledges.

Support for 'Build 300,000 homes a year' rides high as a Top 10 issue for voters (Redfield & Wilton Strategies poll on 21st June) reflecting a positive shift in sentiment and more widespread understanding that more homes need to be delivered.

An increased supply of homes is critical for affordability for a generation of renters and would be buyers. Labour certainly has ambitious plans to reform planning, build a new generation of towns, devolve stronger powers to mayors and fast track approval for urban brownfield development. Source: Dataloft a PriceHubble Company, Department of Levelling Up Housing & Communities. June 2024.

Leave a comment
Newest on top Oldest on top
Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"If you need an Estate Agent who is going to really go the extra mile, Dewi is THAT person."

- James

"Would highly recommend Peter Anthony when selling your property."

- Gwen

"Dewi kept us up to date & was very understanding of my Mum's situation. I would highly recommend selling with this company."

- Jane

"Friendly and helpful. No problems everything ran smoothly as expected and professionally."

- David

"Excellent service, quick to find tenants and organising final checks, no complaints so far!"

- Steve

"Very good estate agency"

- Junaid

"Letting through Peter Anthony has been a great experience"

- Gus Beech

"I was happy it was clean and painted and well presented, felt very welcoming."

- Sarfraz Ali