Summary
‘- This briefing takes as its starting point a range of key statistics to review progress made on a number of housing issues including housing supply, homelessness and housing sales.
– There is evidence that the housing market is gaining more confidence with fewer mortgage arrears, and repossessions and increased mortgage lending including to first time buyers.
– However, with house building falling by 14% and with the sector barely building half the housing required to keep up with population growth, while house prices rose by over 4% and new mortgage advances increased by 19%, these are not signs of a well-functioning housing market.
– While progress continues to be made on reducing the number of empty, non-decent homes and overcrowded properties, rates of homelessness continue to increase standing 33% higher from when the Coalition Government came to power.
– This briefing will of interest to all elected members and officers with responsibilities for or an interest in housing, economic development and regeneration.
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