Countrywide responds to £40bn Government Infrastructure Guarantee Scheme

Countrywide

Wednesday, July 18, 2012

James Poynor, Managing Director of Countrywide Land & New Homes, said:
"While we support today's news, we've seen no evidence as to how much funding has been earmarked for residential housing, which is the cornerstone of the wider economy's recovery.

"The chronic shortage of homes to buy and rent is not being addressed by central Government despite repeated calls for action. We launched a UK housing report this week titled "Addressing Challenges in the UK Housing Market" which urges the Government to consider six solutions to help boost the ailing housing market:

1. Set minimum and meaningful mortgage lending targets.
2. Actively address the structure of the UK house building sector and restrictive planning laws.
3. Align tax receipts from the housing sector with long-term investment and incentives.
4. Review the outdated thresholds and 'slab' mechanism of the SDLT system.
5. Seek out measures to reduce house price volatility.
6. Consult and engage constructively with the UK housing industry.

"We will continue to support any investment in construction that will encourage and boost infrastructure projects for housing, health and education but without acting on the solutions outlined in our market report, we feel the Government is failing to recognise the GDP vale of the housing market, which should be central to their recovery plans."

ENDS


Notes to editor:
To read the full report "Addressing challenges in the housing market" please visit
www.countrywide.co.uk/documents/media/Countrywide%20addressing%20challenges%20in%20the%20housing%20market%20report%202012.pdf or contact the Countrywide press office on press.office@countrywide.co.uk

 

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