Shelter’s opinion of the government’s long awaited housing White Paper

A step, rather than a leap, in the right direction. In order to judge the White Paper properly, it’s important to understand the reasons behind the under-supply of new homes. The fundamental reason is simple: private housebuilding is overly dependent on a handful of big developers whose very business model is reliant on house prices remaining high. Why? It’s not because they are corrupt or evil. It’s because they are forced to compete with other developers to pay crazy sums for land to build on. Read more here

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