Hous­ing gap is the size of Birm­ing­ham

Yorkshire Post - Property - - PROPERTY -

DE­MAND for new hous­ing will out­strip sup­ply by over half a mil­lion units by 2015, equiv­a­lent to the size of the UK’S sec­ond largest city, Birm­ing­ham. This is the con­clu­sion in a new re­port,

from the Fed­er­a­tion of Mas­ter Builders (FMB). It also re­veals that the num­ber of small house builders is at its low­est since 1982 be­cause of costs and reg­u­la­tory bur­dens.

Brian Berry of the FMB says: “For too long the hous­ing prob­lem has been over­looked, with the re­sult that a per­son buy­ing a house on their own now needs to be near the top 10 per cent of earn­ers in the coun­try and this prob­lem is only go­ing to get worse un­til the Govern­ment takes dras­tic ac­tion to re­vive pri­vate house build­ing.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.