18 Feb

More houses need to be brought to market, RICS says

More houses need to be brought to market, RICS says

The government needs to concentrate on bringing new properties on to the housing market, according to the Royal Institution of Chartered Surveyors (RICS).

Oliver Gilmartin, senior economist at the establishment, stated that an "urgent reassessment of the procurement route for bringing housing to market is critical" because the housing construction sector is facing "continued difficulties".

Mr Gilmartin added that the government will need to make more effort to attract private investment to the industry.

His comments come as Communities and Local Government released figures which found that house building completions in England fell by three per cent in the final quarter of 2009, compared with the previous three months.

According to the organisation, seasonally adjusted house building starts in England between October and December last year numbered 21,880.

RICS revealed that this figure is currently 50 per cent lower than what is required to meet government estimates of projected household growth.ADNFCR-1222-ID-19624546-ADNFCR

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