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Affordable housing is shrinking by 165 homes per day says Premier Guarantee

The affordable housing crisis is worsening by 165 homes per day, according
to new analysis of the housebuilding sector by Premier Guarantee.

This is coupled with the reduction in the building of affordable homes, which is at odds with the Government’s efforts to improve the supply of low cost accommodation.

Although the number of homes being built is increasing, with a 17 per cent rise in new homes completions in the first quarter of this year compared to the same period in 2005, 70 per cent of all homes built are now priced at more than 150,000.

Of the 52,140 applications to build new homes in the first quarter of 2006,
just 6,317 were by or on behalf of, housing associations. This is 11 per cent down on the same period of 2005.

Sales and marketing director Robin Plaster says: “Although there has been a substantial increase in new housebuilding, any notion that the housing crisis is being tackled or that the situation for first time buyers is likely to ease, can be firmly dismissed. The Government must do more to assist first time buyers with the expansion of the shared equity scheme, along with the release of Government-owned land for the creation of more low-cost homes which are truly affordable.”

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Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).

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