One home for ev­ery two needed

Yorkshire Post - Property - - PROPERTY -

THE Char­tered In­sti­tute of Hous­ing (CIH) opened its an­nual con­fer­ence this week with a plea to Gov­ern­ment to make hous­ing a pri­or­ity.

CIH pres­i­dent Paddy Gray stressed that eco­nomic re­cov­ery re­mained at risk from weak­nesses in the hous­ing mar­ket.

He said: “We are fac­ing a per­fect storm with fewer houses be­ing built, in­creas­ing de­mand, high house prices and in­creas­ing rental costs. There is a real risk to our econ­omy and re­cov­ery of in­ac­tion or in­suf­fi­cient ac­tion.”

Pro­fes­sor Gray high­lighted the widen­ing short­fall be­tween new hous­ing sup­ply and on­go­ing de­mand and said that less than one home is be­ing built for ev­ery two needed. He called for a clear plan to tackle the cri­sis.

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