The government's long-awaited housing report, which sets out plans to tackle the UK's housing shortage, fails to consider the issue of retired people looking to downsize, says Now Pensions director of policy Adrian Boulding.
Fixing our broken housing market blames demand outstripping supply for expensive, sparse housing. It says that, since the 1970s, an average of 160,000 new homes have been built each year in England, yet the consensus is that 225,000 to 275,000 are now needed per year to keep up with population growth. It warns: "The housing shortage isn't a looming crisis, a distant threat that will become a problem if we fail to act. We're already living in it." To tackle the problem, the government believes it must focus on building the right homes in the right places, that homes must be built quick...
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