Help Sitemap Home Skip Navigation Contact Us Disability Statement

Sussex Downs College
Sponsored by
Want to learn something new? Try a course at Sussex Downs Adult College. Call 0845 2 601 608.
 
 
Wednesday, 20th August 2008

Premium Article !

Your account has been frozen. For your available options click the below button.

Options

Premium Article !

To read this article in full you must have registered and have a Premium Content Subscription with the n/a site.

Subscribe

Registered Article !

To read this article in full you must be registered with the site.

Unachievable housing targets from the government



Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image

THE government's announcement of new housing targets for the south east has been met with dismay – but I'm willing to bet these are unachievable.
Wealden, along with Brighton and Hove, has had its target upped. The district council is now expected to achieve 11,000 new homes in 20 years instead of 8,000.

This suggests a massive spread of development eating up the countryside, but campaigners against such an idea might be saved - by the credit crunch and the threat of recession.

The construction industry is traditionally one of the first to start making cuts when the economy goes into decline – a knock-on effect of a drop in housing prices and people having less money to spend.

Taylor Wimpey is making 900 redundancies, Persimmon 1,000 and Redrow 550. These are three of the biggest housing developers in the country and it is clear others will follow suit.

This puts two huge developments in the Hailsham area in doubt or at least on hold – Persimmon's Hellingly Hospital plan and Taylor Wimpey's blueprint for Welbury and Woodholm farms.

With the banks cracking down on lending, mortgages becoming more difficult to arrange and an ever-increasing rate of inflation, the number of buyers in the housing market is falling rapidly.

So the bottom line is the government can set targets all it likes – if the developers won't build the required number of houses due to economic constraints, the targets will remain unfulfilled.

And it's becoming increasingly unlikely that Labour will win the next General Election, so by the time the developers get round to building the houses they have permission for, government policy may well have changed.

The full article contains 283 words and appears in n/a newspaper.
Page 1 of 1

  • Last Updated: 18 July 2008 12:24 PM
  • Source: n/a
  • Location: Eastbourne
 
 

Comment on this Story

 

In order to post comments you must Register or Sign In

 
 
 
  

 
 


Sister Newspapers:
Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.