The answer therefore seems simple; just build more houses! The reality is that in a struggling economy, where we are all feeling the effects of cutbacks and austerity measures that developers will understandably be much more reluctant to build speculatively if they think they may struggle to sell. This new scheme however may act as a positive catalyst, and result in developers revisiting mothballed schemes as well as those in planning, as they can now have more confidence that they are likely to be able to sell their houses. This I am sure is one of the key objectives that the Government are trying to achieve."We welcome the chancellor's realisation that people around the country are struggling to buy their own homes, and the measures introduced today may help a number of them. But the danger is that if we don't tackle the fact we're still not building enough homes, we'll just create another housing bubble that will continue to push house prices up and out of reach of the majority.
"Our housing market has long been weakened by the lack of new houses being built, which are forcing up rental and house prices – leaving millions of people struggling to get on the property ladder or pay their rent. The government should be focusing on unlocking investment to build more new homes as a way of managing down the housing benefit bill and boosting the economy”
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