The Government's attempts to fix Britain's housing crisis
are "insufficient" and a shortage of homes will pump up prices for
years to come, the European Commission has warned. While "progress"
had been made to address the shortage, the EC said the UK's "lengthy,
uncertain, complex and costly" planning system would drive a
"continued mismatch between supply and demand". This would
"place sustained upward pressure on house prices," it said. Targets
to sell public land, a relaxation of the planning system to support development
and "adopting a number of initiatives" to help meet a target for 1
million homes to be built by 2020 were welcomed. Read more on the Daily
Telegraph website.
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