The housing white paper – not worth the wait?
The government recently released the long-anticipated housing white paper, supposedly its answer to fixing the “broken housing market”. The whole document was over 100 pages and contained many policy announcements and ideas for further consultation. Among these, the white paper sought to provide further assistance to local authorities while at the same time strongly urging them to get their housing supply numbers in shape. The government is promising to make the planning process quicker and less onerous for developers, but continues to penalise them for allegedly failing to develop land.
The effects of the policies will not be felt for quite some time in the future and professionals from across the sector are currently working out whether the white paper should be welcomed or criticised and whether it will aid the government in reaching their ambitious housing targets.