RICS has released a new policy paper advising the government to look holistically at long-term improvements to the housing market as the harsh economic reality sets in.
Medium-term recommendations for the housing market, some of which will also help the market recover from COVID-19, include:
- Further investment in MMC (Modern Methods of Construction) with incentives for the construction of MMC factories in areas of high unemployment.
- Offer financial incentives and support to local authorities and housing associations to meet housing need through MMC.
- Prioritise work around new build standards, as research has found the quality to be significantly reduced in permitted development schemes.
- Bring all elements of planning including residential, high streets, transport and commercial into one holistic policy of placemaking.
- Thoroughly assess Government home ownership offerings to ensure they actually achieve what was intended.
- Implement Lord Best’s Regulation of Property Agents (RoPA) recommendations.
Long-term recommendations include:
- A program of consumer education on MMC to promote greener, better quality homes.
- The introduction of Amberfield as a new land classification – creating a pipeline of ‘ready to go’ land for housing.
- The creation of a new housing court to simplify the dispute resolution process.