In this context my Board and I welcome the Government’s new target for the delivery of 240,000 net additional homes a year by 2016. If met we believe this will represent important movement towards stabilising affordability over the next decade. In the long run the country will need to deliver even more homes if we are to stabilise housing affordability. NHPAU estimates that about 270,000 new homes a year by 2016 will be required to achieve this.

The National Housing and Planning Advice Unit's response to the Government's green paper (Homes For The Future: More Affordable, More Sustainable) is published today, and emphasises not just the number of homes that need to be built, but the type and location. Common sense? You'd think so, wouldn't you? But when it comes to development in the UK, money talks and common sense walks. If we don't do anything, homes will average out at nine-and-a-half times salary by 2026. You can see the actual paper by clicking here.

Technorati Tags: property, real estate