Government will fall short of its one million new homes target

Government will fall short of its one million new homes target

0:02 AM, 9th August 2023, About 9 months ago 1

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The government is unlikely to deliver the one million new homes it promised by the end of this Parliament, according to research.

Property developer Stripe Property Group (SPG) has found that an average of 67,500 new homes every quarter will need to be built by the end of 2024 to meet its target.

However, the government has never achieved this level of delivery since it came to power in December 2019.

The firm’s research also reveals that in the three and a half years since the 2019 general election, just 594,805 new homes were built in England.

The highest quarterly figure was 51,370 new homes in the last quarter of 2020 – which means there are still 405,195 new homes needed to reach the one million mark by the next election.

Building on brownfield sites to address the UK’s housing crisis

The Government has also announced that it will focus on building on brownfield sites to address the UK’s housing crisis and deliver more affordable and sustainable homes.

However, Stripe Property Group argues that this strategy is not enough to meet the demand for housing and that more action is needed to unlock land supply, streamline planning processes and support the construction sector.

The firm’s managing director, James Forrester, said: “The government is notoriously poor at keeping its promises when it comes to housing delivery and time and time again, we’ve seen targets set, only for them to fall by the wayside further down the line.

“At the same time, local councils are making it harder and harder for housebuilders to comply with the masses of red tape, all of which increases the prices for the end-user.”

‘Less than 600,000 new homes have been delivered’

He adds: “Given the fact that less than 600,000 new homes have been delivered in the last three and a half years or so, we can’t imagine that the target of one million new homes by the end of next year will come to fruition either.

“So, we can expect to hear more excuses from Rishi Sunak and co come to the end of Parliament, as well as more smoke and mirrors around the delivery of new housing, no doubt fudging the figures with new additional dwellings data to make it appear as though they’ve delivered on their word.”


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Comments

C-cider

10:42 AM, 9th August 2023, About 9 months ago

The U.K. housing crisis is caused by too many people and too few homes.

Global warming and food shortages are caused by over population.

NHS and dentist queues are caused by over population.

The world needs fewer people. Two world wars, a flu pandemic and Covid-19 has failed to stop the population quadrupling in just over 120 years.

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