Housing white paper or white flag?

Housing white paper or white flag?

KPMG comments on the housing white paper: Fixing our broken housing market.

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Commenting on the publication of the housing white paper: Fixing our broken housing market, Jan Crosby, UK Head of Housing at KPMG, said:

“The white paper recognises that there is a problem and no one magic fix. No doubt that is why we have over 100 pages of indications of intent. Many of the themes make sense and will be incremental, but there are a few game-changers which will change things in the short term.  

“The emphasis is being placed on a more joined up approach, spanning: infrastructure, brownfield sites, SME and housing association developers, multiple tenure sites, increasing transparency, specific planning focus on small sites, retirement and market rent accommodation, all of which is sensible.  However, much of the detail is left to be decided.  

“Certain points are important. For example, local authorities being given more flexibility to sell sites at lower than best value. This is really important in facilitating them to support wider tenures and potentially more rapid build out rates. Simple changes like these could make a big difference.  

“As was widely reported ahead of the white paper’s publication, the housing spotlight was sensibly shared with the rental market. Again, the supply is key and the white paper thankfully outlined its intention to increase build for rent. The increased tenancy periods proposed will be welcome, providing additional stability for those renting as well as finally recognising that it’s not just young professions renting, by families too. 

“Whilst the white paper has clearly captured the concerns of many looking to improve our housing landscape, it will require a great deal more to turn these proposals into real action that finally sees housing supply and demand in equilibrium.” 

ENDS

Notes to editors:

For further information please contact:

Simon Wilson, KPMG Corporate Communications

Tel: +44 (0) 207 311 6651

Mobile: +44 (0) 778 537 3397

E: simon.wilson@kpmg.co.uk 

KPMG Press office

Tel:  +44 (0) 207 694 8773

About KPMG 

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff.  The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 

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