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RICS launches special commission into housing crisis

07/02/2013
RICS launches special commission into housing crisis
The Royal Institution of Chartered Surveyors has set up a commission to look at ways to boost housing supply.

The body said that it was deeply concerned that one year on from the government’s housing strategy, house building is still lagging well behind required levels.

It is calling on RICS members and all other interested parties to submit evidence of practical examples of initiatives to boost the number of homes across the country.

The commission also plans to take oral evidence from 4 March and invites feedback from the property profession, not-for-profit housing sector, investors, developers, stakeholders and public interest bodies.

Michael Newey, RICS President Elect and CEO, Broadland Housing, will chair the commission.

He said: “Since the recession first began there has been a great deal of discussion as to what should and shouldn’t be done to get housing supply moving again.

“With the country well and truly in the grips of an economic downturn it is vital that the market is kept as buoyant and active as possible.

“This begins with boosting housing supply across the country in areas where it’s needed.  

“We are looking for input and from our members and those in the wider property sector to contribute and offer their thoughts and advice on initiatives and proposals that can help boost housing supply across the UK.  

The findings will be published in a report in June, which will be delivered to the Housing Minister and the Shadow Housing Minister.

Commission Scope

Effective subsidies
  • How affordable can future housing be and how should subsidised housing be paid for?

Improving stock quality
  • How can we improve our existing stock quickly and sustainably to create homes which meet the standards we need?
Regulation
  • What regulation is appropriate and what outcomes should regulation be designed to achieve?

Land availability
  • How do we ensure that there is enough land in the right places to meet the need for new homes?

Facilitating investment in the rental sector
  • How do policy makers and practitioners ensure that affordable rented housing is attractive to institutional investors?


Contributions can be made at the RICS website:www.rics.org/housingcommission