More UK Property Investment Needed according to a new study
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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