The government has released its consultation paper on the direction of the UK's housing market, titled Homes for the Future: More Affordable, More Sustainable.

Summarised in the document are a series of proposals intended to address the UK's chronic housing shortage, which is fuelling rampant property price inflation and continued to blight efforts by many first-time buyers to get on the ladder.

Housing minister Yvette Cooper, announced that there will be "more homes – backed by more ambitious building targets, increased investment and new ways of identifying and using land for development".

She further guaranteed the government would commit to making sure new developments espoused high environmental standards, thereby lessening the impact of climate change.

The UK's housing stock current accounts for 27 per cent of the country's CO2 emissions, but Gordon Brown has announced plans to make all new developments zero carbon by 2016.

His other major development commitment of building three million new homes by 2020 is set to incorporate ten new eco-towns, each of which will be comprised of up to 100,000 green homes.

© Adfero Ltd

Author:  Joanne McCabe

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