Self-build solution’ for UK property market

UK Housing

A new report from MPs is encouraging the Government to tackle the housing crisis by helping people to build their own houses. The advice from the Commons' Communities and Local Government Select Committee is based on research that shows only 110,000 new homes were built last year, while over 230,000 households develop every year. And Clive Betts, the Labour MP who chairs the committee, believes that the Government needs to build on its current housing strategy in order to increase the supply of housing in the UK property market. "There is no silver bullet. We have to muster all the … [Read more...]

Self-build: Should people build their own homes?

self build

The government wants to double the number of people building their own homes. But is it wise to encourage the population to take up DIY housebuilding? Programmes like Grand Designs tap into the desire to build your dream home. Now the government - keen to raise the stubbornly low housebuilding rate - wants to start "a self build revolution". Housing Minister Grant Shapps will later this week launch an action plan to double the number of self-build homes within a decade. In reality, few Britons follow the Grand Designs model. The show's creator Kevin McCloud argues that Britons buy … [Read more...]

Government plans to kickstart the self-build sector to bring it in line with Europe

The House Builders Associations welcomes NewBuy mortgages but warned it could create further barriers for smaller house builders.

Government plans to kickstart the self-build sector to bring it in line with Europe, reports Rachael Adams, but many in the industry say it is losing the plot if it believes lenders will ever see the market as anything other than risky and niche Self-builds make up one-fifth of Britain’s new homes each year but, compared with Europe, where 50 per cent of homes are self-built, the UK has been lagging behind. This has prompted housing minister Grant Shapps to call for “a self-build revolution”, pledging 100,000 homes by 2015. But with mortgage lenders already operating in … [Read more...]

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