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Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Like Brexit, housing policy is an environment fraught with uncertainty, writes Steve Douglas
The politics and economics of housing were in full display in the Budget. Politically, the government was still focused on delivering more homeownership and its 300,000 homes a year target. As for the economic situation, with Brexit uncertainty, a softening of the housing market and worries about affordability of housing, housebuilding rates are slowing, not speeding up.
Government’s response was a series of policy initiatives designed to sustain and stimulate housing providers’ delivery and to widen the pool of potential housebuilders, to include an enhanced role for housing associations and the removal of borrowing restrictions for local authorities to build.
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