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‘UK housing shortage good for investors’

As part of the Big Society, the Government will shift control of house building from central government to local authorities and the community.

Instead of seemingly working against the communities and their wishes by imposing new housing, these local authorities will work with local people to reach fairer decisions. This will provide better control over the way in which their villages, towns and cities develop.

This is all part of the Community Right to Build under the Localism Bill, which was published at the end of last year. It gives groups of local people the power to deliver the development that their local community wants through a local referendum.

Gary Collins, Director of Asset Land Inc said: "This new right removes barriers that have previously prevented local people taking forward development, for the benefit of the community.

"The housing market has been left standing over recent decades and not kept up with the needs of the UK’s growing population so something radical needed to be done to tackle the problem.

"There is an apparent shortage of new homes being built so it’s good news, not only for the construction industry and our investors but also for economic growth as a whole now that the Government has committed to meet Britain’s housing needs."

This will be resolved by increasing housing supply and providing more homes that people want – in the places where they want them.

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