10 Sep

More properties 'need to be built for homebuyers'

More properties 'need to be built for homebuyers'

People looking to purchase a house for sale in the UK could end up with a new-build if the government listens to calls to construct more properties.

The Federation of Master Builders (FMB) has suggested that there are still not enough new homes being built to cope with the demand from homebuyers.

Brian Berry, director of external affairs at the company, said: "We are actually building less than half of what we need every year."

He added that the current government is not achieving previous targets of a quarter of a million new properties over 12 months.

Last month, the FMB called on local authorities to boost their housing stock after the current government launched its localism agenda.

This leaves it up to councils to decide how many homes need to be constructed in their vicinity.

Mr Berry stated that local authorities now have a responsibility to help boost the housing stock, as it is at the lowest level since 1924. ADNFCR-1222-ID-800060939-ADNFCR

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