The government's target of 3 million new homes by 2020 is an important step towards stabilising affordability, however in considering the evidence and local circumstances, regional planning authorities may want to go further. Our advice is about a range of housing provision to be tested by regional planners and decision-makers in developing their revised regional spatial strategies. In 2007, the average house cost more than seven times the average income. All things being equal, the current under-supply of new homes implied by the emerging regional spatial strategies would push this ratio to 8.6 by 2026. Without reconsidering levels of new housing, we will add to the next unsustainable upswing in house prices, locking more potential buyers out of the market.
展开▼
