Building Societies Association
Feature
BSA responds to Housing Green Paper
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Contact: Neil Johnson Date: 24 Oct 2007 |
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The importance of ensuring that future housebuilding takes place where the need is greatest and affordability problems the worst, is the key message to emerge from BSA's response to the Government's housing green paper.
Cautiously welcoming plans for an increase in housebuilding, the BSA believes that it is also important that future building reflects local needs and demands, and that the types of homes that are built are those that local people want to buy.
The response also gives a cautious welcome to the concept of eco towns. Although it is important that the environmental impact of housing is reduced, the economic sustainability of these developments is as important as the environmental sustainability. Lenders will be particularly anxious to ensure that they can lend against ‘green’ properties and that they will have a future market and value.
The third main issue addressed by the BSA's response concerns the buy to let market. The private rented sector now represents some 10% of the total housing market, and the Government needs to ensure that it doesn't do anything to harm the interests of what is now an important part of the housing sector.
The BSA’s full response to the Housing Green Paper can be found here
Cautiously welcoming plans for an increase in housebuilding, the BSA believes that it is also important that future building reflects local needs and demands, and that the types of homes that are built are those that local people want to buy.
The response also gives a cautious welcome to the concept of eco towns. Although it is important that the environmental impact of housing is reduced, the economic sustainability of these developments is as important as the environmental sustainability. Lenders will be particularly anxious to ensure that they can lend against ‘green’ properties and that they will have a future market and value.
The third main issue addressed by the BSA's response concerns the buy to let market. The private rented sector now represents some 10% of the total housing market, and the Government needs to ensure that it doesn't do anything to harm the interests of what is now an important part of the housing sector.
The BSA’s full response to the Housing Green Paper can be found here
