Short­fall of 1.1m homes pre­dicted

Yorkshire Post - Property - - PROPERTY -

SAV­ILLS pre­dicts that there will be a short­fall of 1.1 mil­lion prop­er­ties in Eng­land by 2016 and 1.7m by 2029.

In York­shire, 13,000 homes are fore­cast to be built be­tween 2011 and 2029, leav­ing a short­fall of 10,500 each year and a to­tal short­age of 259,000 by 2029.

Sav­ills’ re­search team looked at past hous­ing de­liv­ery since 1990 and pro­jected fu­ture hous­ing com­ple­tion num­bers on the ba­sis of past prac­tice. They have set these against pro­jec­tions of house­hold growth.

Sav­ills’ Yol­nda Barnes says: “An ad­di­tional 75,000 homes a year will need to be built, on top of the 140,000 per an­num that Sav­ills think likely if cur­rent in­dus­try, fund­ing and plan­ning prac­tices pre­vail.”

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