Speaking at the Conservative Party conference yesterday, Javid called on developers to "stop sitting on landbanks". But the Telegraph reports that a spokesman for the Home Builders Federation, which represents housebuilders, said Javid was wrong. He said: "As has been proved by various investigations in the past, housebuilders do not landbank. In the current market where demand is high, there is absolutely no reason to do so."
An article in the Financial Times (subscription) asks whether London mayor Sadiq Khan can tackle London’s affordable housing crisis.
The Times (subscription) reports that housing associations "are in talks with the government about helping low-income households on to the property ladder without a deposit or mortgage". The paper says that the "National Housing Federation has opened discussions about providing homes for the so-called ‘coping class’ of key workers such as bus drivers and care workers in which they build an equity stake while paying 90 per cent of the market rent." The scheme would require government support "but could boost housebuilding as associations would take the grant upfront to pay for construction", the paper explains.
The Telegraph reports that "almost 1.8 million new rental homes are needed by 2025 to keep up with current demand, according to the Royal Institution of Chartered Surveyors (RICS)". The paper says that new figures from RICS "reveal that 86 per cent of landlords have no plans to increase their rental portfolios this year". RICS has forecast that this trend "will continue for the next five years, causing a shortfall in private rented sector homes", it reports.
The Guardian reports that "electricity generated by solar panels on fields and homes outstripped Britain’s ageing coal power stations over the past six months in a historic first". The paper says that "climate change analysts Carbon Brief found more electricity came from the sun than coal from April to the end of September, in a report that highlighted the two technologies’ changing fortunes".