The shortage of housing in England is set to become more
acute due to the decision to leave the European Union with current levels 30%
below those recorded before the economic downturn in 2008. Indeed, recommendations
put forward by the Barker Review of housing supply in 2004 that 270,000 new
homes should be built every year have never been met, according to a new report
from the Yorkshire Building Society. It means that the country has missed its
house building targets by a 1,199,180 since 2004. And despite the government
pledging in 2015 to build a million homes by 2020 only 142,890 were built in
2015 as a whole. Read more on the Mortgage Introducer website.
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