Laura Sharman 10 June 2020

Housing sector at risk of collapse due to Covid-19, think tank warns

Housing sector at risk of collapse due to Covid-19, think tank warns image

At least 76,000 homes are at risk of not being built this year due to the coronavirus pandemic, a think tank has warned today.

Analysis by the Centre for Policy Studies (CPS) shows that housebuilding could fall by around 38% over the next year and is unlikely to recover until well into the 2020s.

The housing sector is ‘uniquely vulnerable’ to recessions, according to the CPS, which will make it impossible for the Government to meet its housing targets.

The centre-right think tank is calling for a new ‘Help to Build’ scheme that would provide housebuilders with a grant of up to £25,000 per new build property for 12 months.

The report suggests that this would ensure the construction of around 150,000 homes next year if capped at £3bn.

Alex Morton, head of policy at the CPS, said: ‘The UK housebuilding industry is not just economically and socially vital, but particularly vulnerable to the impact of recession. We cannot afford a repeat of the past two economic crises.

’This scheme will keep housebuilding going over the next 12 months, while laying the ground for further reform, and avoiding a catastrophic slump in supply. This scheme - or something very much like it - is the most cost-effective way to protect jobs and keep Britain building.’

For your free daily news bulletin
Highways jobs

Greater Cambridge Partnership Head of Innovation

Cambridgeshire County Council
£70,026 - £75,644
The Greater Cambridge Partnership (GCP) is responsible for transforming Greater Cambridge through a City Deal.. Cambridgeshire
Recuriter: Cambridgeshire County Council

Head of Service - Performance, Projects and Intelligence

Sheffield City Council
£60,344 - £64,765 per annum
An exciting opportunity has arisen to join the Strategy and Commissioning team in the People portfolio. Sheffield
Recuriter: Sheffield City Council

Residential Worker - The Maples, Harlow

Essex County Council
£20604 - £26801 per annum + + 6% allowance & Possible Ovetime
Residential Worker - The MaplesPermanent, Full Time£20,604 to £26,801 per annumLocation
Recuriter: Essex County Council

Estate Services Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£32,556.79 per annum
The role of an estate services officer will provide candidates with an important role within... London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Social Worker Level 1

Royal Borough of Greenwich
£34.884 - £37.722
You will be a social worker who has had experience or enthusiasm to work with older people with mental health needs. Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue