Starter homes: vital to get detail right

摘要

The announcement by the prime minister on starter homes and the change to the definition of affordable housing was a clear demonstration that the Conservatives are putting home ownership at the very top of their thinking (09.10.15, pll). From an industry perspective, there is a clear link between people's ability to buy and builders'ability to build. Constraints have seen a long-term decline in the number of first-time buyers getting onto the housing ladder, but since 2008 the imbalance between supply and demand and the severe restrictions on mortgage finance in the aftermath of the crash have resulted in many young, working people - who in previous generations would have taken buying a home for granted - being unable to do so.