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News Release

JLL Residential responds to shift in Government focus of UK homeownership

14 September 2016 - This week, Gavin Barwell, the new Minister for Housing, Planning and London signalled a shift in the focus of UK homeownership stating that the government is now looking at incorporating other forms of tenure, including rented homes, in its 200,000-homes per year target.

At the RESI conference at the Celtic Manor in Wales, Mr Barwell advised that there was still a role for the government to help out aspiring buyers that but this can’t be at the exclusion of all else, describing rented housing as so important. Britain needs to build more homes of every single type and not focus on one single tenure. He also indicated that the Government is considering abandoning its pledge to build 200,000 starter homes by 2020 due to a shift towards supporting the rental sector.

Commenting on this announcement, Adam Challis Head of residential research at JLL said: “This is welcome news at an increasingly critical time when Britain is not building enough homes and signals this Government’s desire to support housing across all tenures.

“The private rented sector is the fastest growing tenure, but had been overlooked under old policy. This is the first step in putting that right. Renters across the country should be looking forward to more choice and higher standards with institutional investment as there are upwards of 60,000 units already in the pipeline. Purpose-built rental properties will begin to make a real difference to housing supply and housing quality.”

“The Starter Homes idea represented a big distraction from delivering lasting solutions to the housing crisis for all.”