NHF says government will miss housing target

The government target of 3 million new homes built by 2020 needs to be reduced unless builders get help from local authorities. That is the view of the National Housing Federation.

The NHF said that a more realistic target would be 1.6 million new builds, and that it could take until 2029 to build 3 million new houses in the UK.

With the construction industry facing crisis because of the global credit crunch and falling house prices, a major increase in the number of new homes is currently not possible.

However, the government is currently sticking to the target of 3 million new homes and it is unlikely this will be lowered during the Labour Party conference.

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Best Development Lender - Regentsmead

Louise Fernley, editor of Bridging and Commercial, said: “Our 2010 awards aimed to celebrate the lenders who have not only survived, but thrived over the last year. One of our new awards, for Best Development Lender, deservedly went to Regentsmead after a number of glowing reports from brokers, property developers and other professionals that had worked with them.

“It was an obvious choice for our panel, with everybody agreeing that a firm with an appetite to lend and high-quality service levels is what is sorely needed in the market right now. On behalf of all of us at Bridging & Commercial we’d like to say congratulations to all of the Regentsmead team – and fingers crossed for 2011!”

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