RLS

Shortage of new homes deepening housing crisis

We are ‘sleep walking into a major housing crisis', because completions of new homes are running well below what is needed to meet demand, according to the Residential Landlords Association (RLS).

The RLS points out that the supply-demand imbalance has led to severe adverse consequences for the national economy as a whole, as it helped push property prices beyond the means of many would be purchases and led to an eventual crash in the residential property market.