23/11/2011

The Guardian: "The housing crisis is not yet solved"

Link to The Guardian

"David Cameron has woken up to England's housing crisis. A Tory party once wedded to a "home-owning democracy" now finds itself presiding over a significant fall in home ownership, hence a new housing strategy unveiled this week.

"David Orr, chief executive of the NHF, summed up the dilemma when he said the system is working for the top 10% of earners at one extreme and the 15% in social housing at the other – 'And, to be frank, unless you're already housed it doesn't really work for anyone else.' 

"The challenge now facing providers is to develop properties for rent at part-subsidised and full market rates to fill the gap in the market left by the uncertainty. That is the new reality."

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