Stuart Law

Assetz Capital investors sceptical of government housing targets

Nine out of 10 investors (91%) on the Assetz Capital platform believe that the government’s target of building 300,000 new homes every year by the mid-2020s cannot be achieved.

The Q1 Assetz Capital Investor Barometer revealed that just 9% of respondents thought the target was realistic and achievable under the current measures proposed by the government.

The P2P lender surveyed 1,003 investors that used the platform.

In November last year, chancellor of the exchequer Philip Hammond announced in his Autumn Budget that the government would commit at least £44bn of capital funding, loans and guarantees to support the UK housing market.

Stuart Law, CEO at Assetz Capital (pictured above), said: “With decades of undersupply, constantly changing housing ministers and a recently introduced ban on new-build leasehold houses, our investors are understandably sceptical.

“While we clearly welcome any move to address the housing crisis, what is really needed is a joined-up approach from government with real clarity around [the] next steps.

“Action is needed now, and we hope that starts with [Monday’s] announcements.”

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