HBF Chief Sceptical of Homes Bonus Scheme

Home Builders Federation chief executive Stewart Baseley has told delegates at a conference in London that it will take some time for the Coalition's incentive-based system - to replace regional housebuilding targets - to start producing the amount of affordable homes the country needs.  At a speech to the Housing Market Intelligence Conference he reiterated his concerns over the scrapping of Regional Strategies - to be replaced with a 'New Homes Bonus' - and said it would take a long time for the penny to drop with local authorities.  He said: "In scrapping the basis of the old system – the Regional Spatial Strategies - barely weeks into office, without providing any clarity on the detail of the ‘New Homes Bonus’ incentive-based system they propose will replace it, they have left a policy vacuum that threatens to disrupt supply still further, and is causing concern across the board. Read more on 24dash.