Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Government Declines to Set Target for Affordable Homes
The government has confirmed it will not set a specific target for the number of affordable homes to be built. However, it maintains that it is committed to “delivering the biggest increase in social and affordable housebuilding in a generation.”
This position was outlined in response to a written parliamentary question. Parliamentary Under-Secretary of State for Housing, Baroness Taylor of Stevenage, provided the government’s statement on the matter.
For UK letting agents and inventory clerks, the absence of a defined target for affordable housing may impact future planning and expectations within the rental sector. The government’s stated commitment to increasing social and affordable housebuilding could influence the availability of rental properties and the broader housing market, but no specific figures or timelines have been set.
Source: Property118