Funds to boost housing welcome but don’t stretch far enough

23 November 2016

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Russell Gardner, Head of Real Estate at EY, comments:

“Measures to address the UK’s housing supply crisis are welcome, but must represent the start of a major commitment to building significantly more homes across the UK. The headline numbers are eye-catching but it requires a stretch of the imagination to believe that new homes supply can be unlocked for £23,000 each or an affordable house can be built for £35,000. We eagerly await the Housing White Paper and hope it contains more radical structural proposals.”