Report warnings of housing shortage

| March 14, 2011 | 0 Comments
Report warnings of housing shortage

A report by the Institute for Public Policy Research (IPPR) has established that England could face a massive housing shortage by 2025.

The think tank concludes that there is likely to be a shortfall of 750,000 homes by 2025 with the areas worst hit including London, the South East of England, the East, and Yorkshire and Humberside.

Only the North West of England could supply meet demand, the report said.

Commenting on the report IPPR director Nick Pearce said: “We cannot go on as we have done. Britain needs to build more homes. That is not going to happen without a fundamental review of housing policy.

“If the rate of housebuilding does not radically increase, we face a growing housing crisis. Whether the economy performs well or poorly, a serious gap looms between housing supply and demand,” he added.

In response, a spokesperson for the Department for Communities and Local Government (DCLG) said reforms designed to increase housebuilding have been introduced.

The New Homes Bonus, which is to be introduced next month, is part of Government attempts to ease housing shortages.

Tags: , , , Institute for Public Policy Research, IPPR

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