One home for every two needed
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.