Home Shortage Getting Worse - Scala Land Investments Report

<h1>Home Shortage Getting Worse - Scala Land Investments Report</h1>Author: <a title="Scala Land Group" href="http://www.articlesbase.com/authors/scala-land-group/33567.htm">Scala Land Group</a> ‘While it’s not the whole answer, meeting targets will be difficult if we continue to constrain supply unduly,’’ Barker, who has advised the Treasury on the issue, told the conference. “On housing supply, the scale of the problem is growing larger.”

House prices in the UK have tripled since 1997 and rose more than 10% last year. In a 226- page report issued last year Barker recommended to the Chancellor of the Exchequer that the government should ease building restrictions to help increase supply.

“There’s a clear divide between homeowners and others,” Barker said. “Land prices and house prices have risen to pretty uncompetitive levels. It would be understandable if it was just a London phenomenon, but it’s quite widespread.”

It looks like more building will be a priority for the next prime minister. Gordon Brown stated on May 13 that he will oversee the construction of five new environmentally friendly towns as one part of a plan to supply 200,000 new homes a year. Homebuilding dropped, on average, to 148,000 new units a year between 1989 and 2005, from a peak of 425,000 in 1968, government data show.

Barker still said she is “disappointed” about the government’s plans for incentives to encourage homebuilding. “The government has been more cautious when it comes to financial incentives,” she said. “There’s a serious risk that they’ll be less powerful.’’

A report title ‘The Best Laid Plans’ issued by the Policy Exchange research concluded that the current system makes it easy for local councils to avoid approving construction plans and proposed dramatic changes to the planning system.

One of the joint authors of the report, Dr Oliver Marc Hartwich, said. “It’s extremely unattractive

for local authorities to grant planning permissions because it costs lots of money and you run into problems with neighbours who don’t want new developments in their backyards. I don’t see the government getting incentives for planning permission right. They only talk about national targets.”About the Author: Scala Land Group <a href="http://www.scalalandgroup.co.uk">Land Investments</a>Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/real-estate-articles/home-shortage-getting-worse-scala-land-investments-report-279624.html" title="Home Shortage Getting Worse - Scala Land Investments Report">Home Shortage Getting Worse - Scala Land Investments Report</a>

‘While it’s not the whole answer, meeting targets will be difficult if we continue to constrain supply unduly,’’ Barker, who has advised the Treasury on the issue, told the conference. “On housing supply, the scale of the problem is growing larger.”

House prices in the UK have tripled since 1997 and rose more than 10% last year. In a 226- page report issued last year Barker recommended to the Chancellor of the Exchequer that the government should ease building restrictions to help increase supply.

“There’s a clear divide between homeowners and others,” Barker said. “Land prices and house prices have risen to pretty uncompetitive levels. It would be understandable if it was just a London phenomenon, but it’s quite widespread.”

It looks like more building will be a priority for the next prime minister. Gordon Brown stated on May 13 that he will oversee the construction of five new environmentally friendly towns as one part of a plan to supply 200,000 new homes a year. Homebuilding dropped, on average, to 148,000 new units a year between 1989 and 2005, from a peak of 425,000 in 1968, government data show.

Barker still said she is “disappointed” about the government’s plans for incentives to encourage homebuilding. “The government has been more cautious when it comes to financial incentives,” she said. “There’s a serious risk that they’ll be less powerful.’’

A report title ‘The Best Laid Plans’ issued by the Policy Exchange research concluded that the current system makes it easy for local councils to avoid approving construction plans and proposed dramatic changes to the planning system.

One of the joint authors of the report, Dr Oliver Marc Hartwich, said. “It’s extremely unattractive

for local authorities to grant planning permissions because it costs lots of money and you run into problems with neighbours who don’t want new developments in their backyards. I don’t see the government getting incentives for planning permission right. They only talk about national targets.”

Scala Land Group Land Investments

Rate this Article:

5 / 5 stars - 1 vote(s)

Re-Publish

Article Source: http://www.articlesbase.com/real-estate-articles/home-shortage-getting-worse-scala-land-investments-report-279624.html

Article Tags: Alternative Investments, Uk Land Investments Group, Scala Land, Land Sales

Related Articles
Related Q&A

Latest Real Estate Articles
More from Scala Land Group

No Credit Check Florida houses and homes

By: ownerfinance | 16/11/2009
Explanation of no credit check houses and homes available in Florida

2010 Real Estate Market Outlook

By: Melissa Chappell | 16/11/2009
Investment approaches will evolve from excessive speculative buying into strategies with improved stability and market demand. Long term investments and buy-to-let ventures are expected to be the strongest growth areas, with fewer risks involved and excellent gains potential due to the exceptionally low priced investment options available in both emerging and established markets.

First Time Home Buyer Tax Credit Extension: More Fuel for the Charleston, SC Market

By: Lee Keadle | 16/11/2009
We’ve had great news in the housing market this past week! The $8,000 First Time Home Buyer Tax Credit will be extended through April 30, 2010. This extension is good news especially for first time home buyers taking advantage of the credit. This article includes more details about qualification.

Public Schools in Mount Pleasant SC: A Driving Force in Home Prices

By: Lee Keadle | 16/11/2009
Mount Pleasant, South Carolina has the best public schools in all of Charleston. Because Mount Pleasant has only one high school, I’ve included in this article more specific information for the elementary and middle schools so that you can keep it in mind when comparing homes.

Mount Pleasant SC Golfing Communities

By: Lee Keadle | 16/11/2009
With four golfing communities, Mount Pleasant SC boasts some of the best (and most popular) golf courses in Charleston. I have included in this article information about Dunes West, Rivertowne Country Club, Charleston National, and Snee Farm.

Many would be interested in how to go about buying and selling on property for profit

By: Kate Faulkner | 16/11/2009
Buying and selling for a profit used to be ‘easy’. Through the millennium you could buy a property and be guaranteed it would make money in a few years and in some cases, a few months. Some people (and mortgage lenders!) seemed to think house prices would continue to rise, others warned of a housing bubble, but didn’t seem to be able to accurately predict when it would burst. However, burst it did, starting in the States and hitting the UK very hard.

Where Are Real Estate Values Going Now?

By: Steve Gillman | 16/11/2009
A look at the factors that affect real estate values, and what we might see in the future.

What to consider when investing or buying overseas

By: Kate Faulkner | 16/11/2009
Many people just ‘fall’ into buying property abroad. Either they go to a show and like the look of the fancy developer photos and get sucked in by the patter of the clever salesmen (usually ex time share sales people!) or they go on holiday, meet someone in a bar, get invited to a ‘free’ event and with little due diligence hand over tens of thousands of pounds. Don’t let this happen to YOU!

Home Shortage Getting Worse - Scala Land Investments Report

By: Scala Land Group | 11/12/2007 | Real Estate
According to a report by the Bloomberg News Agency on June 14, 2007, a conference organised by the Royal Town Planning Institute was told by Bank of England policy maker Kate Barker that the housing crisis is getting worse because delays in the planning process hold back the provision of new homes.

House Building Tops the Political Agenda

By: Scala Land Group | 10/10/2007 | Investing
On September 27 the BBC reported that the Housing Minister, Yvette Cooper, would give details of government plans for achieving its ambitious home building targets, at the Labour Party Conference on Thursday. This follows Gordon Brown’s pledge earlier at to the Conference, that by the next decade 240,000 homes a year will be built.

Not Enough Brownfield in the UK - Special Report

By: Scala Land Group | 25/09/2007 | Real Estate
UK Think Tank Report Examines Government Plans