We need 300,000 new homes a year, not 200,000, says Aston Mead

Leading land brokers Aston Mead say that the new Government under Theresa May should set its sights on building 300,000 homes each year, rather than the 200,000 proposed under David Cameron’s leadership.

The company’s comments come after the publication of a new report from the cross-party House of Lords Economic Affairs Committee, entitled ‘Building More Homes’, which indicates that the current 200,000 target is not high enough.

Aston Mead Land & Planning Director Charles Hesse said: “I’m not sure where the figure of 200,000 homes came from, but even then it was evidently too low. However, even this target failed to be met; last year only a total of 160,000 were completed.

“The last time the UK built more than 200,000 homes a year it was post-war, and there was a massive council housing programme under way. So we need radical changes in the way that we approach house-building, to enable construction to take place at a much faster rate.”

Charles Hesse suggests a three point plan that would help to fund construction and free-up available land, so that companies can start building with the minimum of delay.

He explained: “Firstly, Mrs May should establish a National Housebuilding Fund to finance public sector commissioning. Borrowing costs are at rock-bottom, and something in the region of £20 billion would cover the cost of constructing 100,000 homes, which could be sold direct into owner-occupation.

“Secondly, we should be braver about building on the less desirable areas of greenbelt. Whilst some of it should be preserved at all costs, other areas would actually be improved by being built on. There are 514,000 hectares of green belt surrounding London. You only need a tiny fraction of that to more than satisfy housing supply.

“Finally, local authorities should be encouraged to release land they themselves own. In London alone there is enough public-sector land to build at least 130,000 homes. A lot of authorities are not planning for enough houses, and they are not getting enough challenges from the planning inspectors about how to do it. And if that means an intervention from central Government, then so be it.

“Ultimately, we need to double the current rate of construction. Tinkering at the edges – providing a dozen homes here and there – is no longer enough. Housebuilding needs a radical overhaul, and without it we will never get close to the target of 300,000 new homes a year that this country so desperately needs.”

Breaking News post from Property Publicity – Eric Dixon eric@propertypublicity.co.uk


Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Who are Rentd
Letting Agent Talk

Renters (Reform) Bill Dropped – Thoughts from the Industry

The Renters (Reform) Bill has been dropped as a result of the general election being called. Here are some thoughts from within the property industry. Ben Beadle, Chief Executive of the National Residential Landlords Association: “It is hugely disappointing that this Bill will not now make it into law. The news comes despite the fact that…
Read More
Estate Agent Talk

July 4 General Election – Thoughts from the Industry

Prime Minister, Rishi Sunak has called a general election for July 4, 2024, citing now being the time for the people of Britain to choose the next government. Here are some thoughts from within the property industry. Tim Bannister, Rightmove’s property expert: “A look back at recent elections shows that house prices and activity usually…
Read More
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker

Matt Smith, Rightmove’s mortgage expert said: “Today’s inflation drop feels like an important milestone on the road to the first Base Rate cut. There’s been some to-ing and fro-ing over whether we’ll see a summer Base Rate cut, but today’s news will likely reinforce some of the positive words coming from the Bank of England…
Read More
Estate Agent Talk

Rayner right to be ambitious on housebuilding

At UKREiiF, Angela Rayner, Shadow Housing Secretary made several commitments to help solve the UK’s housing crisis including new towns, greater numbers of affordable housing, a return of housing targets and a clear design code criteria. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “Although election season is the time for…
Read More
Breaking News

Comment on Land Registry’s House Price Index showing an annual rise of 1.8%

Commenting on Land Registry’s UK House Price Index showing an annual rise of 1.8%, Daniel Austin, CEO and co-founder at ASK Partners, said: “The property sector is recovering. Rent values have seen sustained growth, positioning real estate as reasonably valued in comparison to gilts and presenting growth potential. In the realm of commercial real estate,…
Read More
Breaking News

Breaking Property News – 22/05/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Sunak calls General election for 4th July 2024 – American Independece Day Many pundits feel that post the General election Rishi Sunak will fly off to Silicon Valley, so maybe holding the General election on American Independence Day is no coincidence! The real carnage…
Read More