Currently viewing the tag: "future homes commission"

UK property shortage becoming criticalWith an ever increasing population and open immigration policy, the UK currently needs around 3 times more houses than are currently being built, and the situation is set to get even worse when the EU restrictions on immigrants from Eastern Europe are lifted on 1st January 2014, according to a recent report by the Future Homes Commission (FHC), a body instigated by the Royal Institute of British Architects (RIBA).

The FHC have called for 300,000 extra residential properties to be built every year on brownfield land and sections of green belt land close to virtually every city, town and village in a much needed UK housing revolution.

There are currently a number of government backed schemes to try and kick start some life in the UK property market, including the Funding For Lending Scheme, New Buy and NewBuild incentives, all designed to encourage growth and movement in the market.

However, it will as always be down to the skills and expertise of entrepreneurial property developers negotiating skills enabling them to continue buying land at the right prices, or completing previously part built developments and most importantly selling the finished properties onto willing buyers including first time and next time buyers and even property investors at the right prices.

Having high street banks and mortgage lenders being encouraged to extend more lending to property purchasers including First Time Buyers (FTB’s) is vitally important and a must to assist buy to let investors to expand their property portfolios and allow them to fill the gap in the market created by the unprecedented tenant demand.

The massive demand for affordable residential rental property in almost every part of the UK and private sector rents are still increasing due to this demand, as landlords attempt to cash in.

Get your numbers right, and buy property now to enjoy some huge rental yields.

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More UK Property Investment Needed according to a new study

The UK needs a Housing Revolution say FHC

The UK needs a Housing Revolution say FHC

A study by the Future Homes Commission (FHC) reckons that 3 times the current amount of new houses being built is needed in Britain in order to stop the blight of poor housing.

The FHC, set up by the Royal Institute of British Architects (RIBA), is calling for a housing revolution in the UK and wants another 300,000 houses each year to be built on brownfield land in areas close to almost all cities, towns and villages.

The FHC study states that such a proposal would create tens of thousands of new jobs and promote UK property investment and the plan would not cost the UK Government a penny so long as the dysfunctional way we build homes is radically overhauled.

The FHC’s recommended plan of action would see local authorities start rental housing developments for taxpayers by bringing their funds together to give the UK better houses.

Five main modifications are recommended which would see a radical improvement in UK housing, with the first being a rise in the amount of new houses built each year increasing from 100,000 to 300,000.

Future Homes Commission chairman, Sir John Banham, said: “There is no better time to tackle the UK housing crisis. After a year-long national inquiry, the Future Homes Commission has concluded a housing revolution is entirely possible and will lead economic growth.”

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