One of the biggest debates this week is about the way in which we treat our homes, through the 90’s and much of this decade we have looked at our houses as a way to increase our property portfolio, especially if we have entered into the property developer market or buy to rent.
More than ever before we have had easy access to mortgages which enabled people who might never have considered by a second home, or leaving their well paid jobs to follow a new career in developing.
At a Housing Market Intelligence conference this week in London, Shapps argues that buying a property should not be seen as an investment, but as a home to live in.
He said: “With a house now liable to cost perhaps seven times someone’s earnings, it is no surprise that the average unsupported first time buyer is 37 years old. This country is in danger of letting down the aspirations of a generation of homes do not become more affordable in the long term.
“So what is required now is a period of house price stability. A home should first and foremost be thought of as a place to live and bring up a family.”
The minister also pledged government support for house builders, in support of making it easier to cut through the red tape in applications, and is asking for industry leaders to work as a team to achieve this.
This work will complement the ongoing review of building regulations launched by communities minister Andrew Stunell earlier this year.
Shapps says: “Last year, house building hit its lowest level for any peacetime years since 1924 as developers have been hampered by regional targets that put them in direct conflict with local communities and an alphabet soup of regulations and red tape they have to navigate.”
He says he is determined to make it easier to build the homes with appropriate building standards.
Visit our website to see our selection of land to buy, and to view the stunning new homes we currently have on offer this week.
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