The Housing Shortfall

Overview

To The Nation’s Housing Shortfall

The current Government has confirmed its commitment to solving the nation’s housing shortfall, an objective that was supported by two previous administrations and has committed funding to achieve this at unprecedented levels.

The residential market continues to outperform market expectations and those of most other sectors.

Given the nation needs to emerge from the effect of the pandemic and begin to rebuild the economy, residential development has been identified by Government as one of the corner stones of economic growth and recovery.

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The plan being to deliver 1 million new homes during the current parliament.

The Government’s focus on support and delivery of the residential market is evidenced by the actions of the Treasury with the Stamp Duty holiday, in addition to the large range of investment packages also announced over the last 12 months.

The Government's aspirations, to deliver 300,000 new homes per annum.