Housing delivery in the post EU referendum context27 July 2016
CEOs of The Housing Forum member organisations share insights on the effects of exiting the EU on house building, shared ownership programmes, the build for rent sector and on UK manufacturing into the housing market.
The conclusions of the Forum are:
- In the aftermath of the EU referendum, significant confidence still remains in the housing sector.
- The result has not changed the fact that there is a serious, long term under supply of housing in all locations.
- There are wide differences between the sentiments governing markets in the regions and the north, where sales and reservations have remained steady compared to London and the South East where markets are more exposed and affected.
- Longer term regeneration schemes are potentially more susceptible, needing project specific funding.
- The housing market takes a long time to recover from downturns and fiscal encouragement may be needed to keep equilibrium.
- The demand for social rented properties is considerable and levels of homelessness are moving again towards the high levels of previous decades.
- The Housing Forum will take up concerns that concentration of housing policy on home ownership is in conflict with the needs of some parts of the country and a balanced market is needed.
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