Greenbelt at risk – again

“… The Government has vowed to build one million homes by 2020 which equates to 200,000 a year.

“Don’t kid yourself that this will make properties more affordable,” said Henry Pryor, independent buyer. “The undersupply that we have been racking up means that if we had the million homes by the end of this parliament it still would not be enough.” He recommended the reclassification of the greenbelt.

“We need supply to keep up with demand but it must be where people need it, while trying to avoid the situations where house price growth becomes unsustainably high and out of kilter with wage growth,” JLL’s Whitten concluded.”

http://www.telegraph.co.uk/property/house-prices/high-time-high-rise-solve-nations-housing-affordability-crisis/