Supply targets and credit turmoil
Language: English Series: Town & Country Planning ; 77(4) April 2008, 170-172(3)Publication details: 2008Subject(s): Summary: Article looks at the Government's long-term housing targets and indicates that they may quickly become unsustainable if house prices continue to fall and new housebuilding falls overall during 2008. Posits that due to sustainability targets and reduced consumer access to credit, the real cost of purchasing a home is not likely to fall significantly, leading to problems for first time buyers. Closes by saying that the targets may be achieved through careful governance and that the drive towards increased housing stocks is still required, despite the current economic downturn.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L144211 (Browse shelf(Opens below)) | 1 | Available | 144211-1001 |
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Article looks at the Government's long-term housing targets and indicates that they may quickly become unsustainable if house prices continue to fall and new housebuilding falls overall during 2008. Posits that due to sustainability targets and reduced consumer access to credit, the real cost of purchasing a home is not likely to fall significantly, leading to problems for first time buyers. Closes by saying that the targets may be achieved through careful governance and that the drive towards increased housing stocks is still required, despite the current economic downturn.