Friday 13 January 2012

Britain to face housing shortage of one million homes by 2015, says Barratt | Mail Online

Britain to face housing shortage of one million homes by 2015, says Barratt | Mail Online

Barratt Developments yesterday said Britain faces a housing shortage of one million homes by 2015 as construction fails to keep pace with the growing population.

Chief executive Mark Clare said: ‘There is a large amount of pent-up demand. We are building, as an industry, 120,000 homes a year, but the requirement is for well over 200,000.
‘So there is a supply and demand gap opening up quite quickly. We are well short of the number of homes required.’

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