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Spiralling rents pose a tough question for Shapps: Where will the new homes come from?

Spiralling rents pose a tough question for Shapps: Where will the new homes come from?

The latest survey of the residential rental market by the surveyors’ body RICS is likely to wind up the pressure on the housing minister Grant Shapps to promote more house building. The survey suggests that rents are rising ever faster, driven by rising demand in a market where supply is constrained, as the graph taken from the RICS survey shows.

Budget provides a shot in the arm for housing work, but there’s a sting in the detail

Budget provides a shot in the arm for housing work, but there’s a sting in the detail

A shot in the arm, said the Home Builders Federation release sent out after Chancellor George Osborne sat down. And the Budget certainly lifted the already rising share prices of the quoted builders quite nicely. It must be said that comment came as no shock, as this was yet another ask or two or three by house builders that have been favourably answered by the incumbent Government. Putting in a presumption in favour of sustainable development in the planning law…

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