Countrywide comment on government housing proposals

Countrywide

Monday, October 3, 2011

Commenting on the government's initial housing proposals; Grenville Turner, Chief Executive of Countrywide said;

"It is high time that the government finally put some much needed thought and investment into boosting not just affordable housing, but also the wider market. Government proposals to support the housing market are always welcomed; however, it is important that these initiatives can make a lasting difference that will support the market in the long-term."

"The proposal of reinvesting back into the housing sector in order to build the proposed figure of 200,000 homes, if delivered it will go some way to appease the chronic shortage of housing supply. It will also promote greater choice of properties for buyers and go some way to support price stability in the future.

" 'Build now, pay later' is a very practical solution to encourage new housing supply on public sector land and will go some way to invigorate builders appetite and alleviate the pressures of upfront costs. This program could bring the development of these sites forward much sooner, encouraging new investment and employment growth while also achieving housing delivery goals. We welcome the roll out of this proposal as soon as possible."

ENDS

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