The British Property Federation (BPF) has welcomed measures announced by the Government aimed at tackling the housing crisisand kick-starting the economy.
Liz Peace, chief executive of the British Property Federation, said: “Taken together these measures will certainly provide a shot in the arm for house building. However, they will only solve housing issues if accompanied by a significant package of other measures.
“House builders are not on strike; they are simply not building because there are few people in a position to buy, or seeking to move. We are therefore pleased to see support to access home ownership and measures to encourage renting are also seen as important parts of this package.
"Simply building homes for non-existent buyers has been tried before, in Spain and Ireland, with disastrous consequence."
Planning restrictions are to be relaxed and first time buyers helped with deposits in a new package of reforms aimed to kick start economy.
Is the Government's plans to boost the economy by encouraging house building more, or more of the same?