Rics says, Government failing to address housing supply
August 13, 2015, 12:11 pm

The government is still failing to address the issue of housing supply, according to the Royal Institution of Chartered Surveyors (Rics).In its latest survey, Rics said the number of homes for sale had sunk to a record low.As a result, demand was outstripping supply, it said, and prices were likely to see further "sizeable gains".But the government insisted that more homes were being built, particularly on brownfield sites.Demand from buyers is rising at its quickest rate for 18 months, according to Rics.At the same time, the average number of properties for sale per surveyor sank to 47 in July, the lowest figure on record.Jeremy

Blackburn, the head of policy at Rics, accused the government of stimulating demand in its housing initiatives, but failing to "address the real issue of supply"."A coherent and coordinated house building strategy is required across all tenures," he said.Last month the National Association of Estate Agents (NAEA) made a similar plea to the government.

Brownfield sites`

As part of its policy on housing, the government has extended the Right to Buy scheme to those in housing association properties, and launched the Starter Homes Initiative, which will allow young first-time buyers to purchase properties at a minimum discount of 20%.It has also extended the equity loan part of the

Help to Buy scheme until 2020.In response to Rics, the government said it was committed to delivering 200,000 starter homes by the end of the Parliament."We are also helping bring back into use more brownfield land for development, keeping the country building, and delivering the homes our communities need," said Communities Secretary Greg Clarke.The government has also streamlined the planning process, by cutting 1,000 pages of policy to 50, the housing minister, Brandon Lewis recently told the BBC.As a result, a record 261,000 planning permissions were granted last year, he said.


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