The House of Lords Select Committee on Economic Affairs has concluded in a report that the Government should allow local authorities to set and vary planning fees in accordance with the needs of their local area to incentivise private sector housebuilders.
John Wriglesworth, Consultant Researcher for Jackson-Stops & Staff joined the Morning Money team to discuss further.
Steve Darragh, Director of affordable housing developer Uprise, launched their report on affordable housing in London. Uprise is an affordable housing developer using a commercial model to build additionality into London's housing stock. The report is compiled with the input and consensus of over one million Londoners. So what's wrong with the structure? What can be done? And how will it be spread to other cities?
The UK's housing market isn't functioning like it should, with too few affordable properties for sale or rent. As well as that, the market is vulnerable to shocks and political pressure, like the London mayoral election results and Brexit. Ryan Prince is VP at Realstar, a private renting company, and he gives his take on the state of the market.
Grainne Gilmore, Head of Knight Frank UK Residential Research, talks about the Knight Frank monthly house price sentiment report. Some analysts have been calling time on the property market for months, notably in London. Yet it seems that households in all UK regions saw increases in the value of their homes. So what is the overall picture? And is the rate of growth slowing? Grainne explains.