Report Calls For More Affordable Housing

As the housing crisis continues, first-time buyer figures highlighted in this year’s UK Housing Review reveal the significant need for government to focus housing policy and investment on a rented offer for households for whom home ownership is out of reach.  Figures highlight that government is investing a total of £42 billion in the private market, with only £18 billion spent on affordable rented housing - just 30 per cent of the total investment in housing.  The effect of the government's switch in priorities since last autumn’s Spending Review means that investment in affordable renting will fall to its lowest levels since the Second World War. Of the government's target for new homes to be built by 2020, only 12 per cent will be affordable rented homes. Read more on Housingnet.