propertytalk Live! - Government admits housing crisis but ignores workable solution
Last week the Government finally admitted to a crisis in the housing sector. Here, Peter Girling, Chairman of Girlings Retirement Rental, explains what he thinks should be done to resolve it...
It has been a grim start to the New Year for the housing industry, with Housing Minister Grant Shapps admitting a housing crisis exists in the UK.
And with five million people on waiting lists for social housing, the number of homeless set to rise and a shortage of affordable housing, it does appears that UK housing is in chaos and the Coalition Government is short of ideas.
The Government wants to build more affordable homes with affordable rents, but land prices are prohibitive. The Department for Communities and local government has pledged to spend £4.5billion to deliver 150,000 new affordable homes over the next four years. But is this really the only and most cost effective solution to the crisis?
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