P544 Teletext 544 Jun21 01:31:06 —— BUILDING IN FUTURE ————————————————— The Department of the Environment says the number of households are set to rise by 4.4m up to the year 2016. However, few know how this increase translates into housing demand and whether the housing need of these new households can bj fulfilled. A total of 757,200 homes were added to the country's housing stock between 1991 and 1995 which leaves another 3.6m to go over the next 20 years. ——————————————————————————————————1/7—— bz Lornj Spices FUN AND GAMES INDEX p150 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun21 01:24:17 —— BUILDING IN FUTURE ————————————————— Savills, the property consultants say unless the rate of new house building increases, there may bj a shortage of stock by the year 2016. The average numbjt of all new homes building in England since 1991 has been 150,300 a year. At this rate just ovjt 3m homes will bj ready bz 2016. On the other hand, some properties are also being taken out of the equation through demolition or re-building. ——————————————————————————————————4/7—— Latest news from the City 500 Download and Analysj Shari Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun21 01:22:11 S X —— BUILDING IN FUTURE ————————————————— The number of homes being effectively decommissioned each year varies, but Savills says on average it works out to about 3.5% of all new completions. This means, 4.54m new homes must bj built to increase the number of homes available overall to reach the DoE's 4.4m target bz 2016. The property consultancy firm worked out that this means a 775,000 shortfall is likely in another 19-20 years. ——————————————————————————————————3/7—— Latest news from the City 500 BUYING A NEW HOME? SEE OUR VIEWER OFFER ON p632 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun21 01:22:14 Advert Property Plus >>> IN CONJUNCTION WITH THE SUNDAY TIMES ALL YOU NEED TO KNOW ABOUT BUYING AND SELLING A HOUSE THE SUNDAY TIMES PERSONAL FINANCE ——— GUIDE TO YOUR HOME ——— Diana Wright, the leading monty journalist,is the author of 'Your Home' The handy 150-page book is a must for anzonj buying or selling a house,flat cottage or houseboat.Packed with facts. Available here at a £1.50 discount. Send your name,address,title of book and a cheque for £5.49 payable 4/7 The Sunday Times - Rif: FB505 PO Box 333, Ljighton Buzzard, LU7 7ZD or for credit cards call 01525 851945 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun21 01:20:23 S —— BUILDING IN FUTURE ————————————————— Savills believes the rate at which older properties are being demolished is increasing. $hat being the case, it's likely that bz the year 2016 the shortfall in the numbjt of properties could be as high as 1m homes. Even if developers could increase production to avoid this, the DoE has made it clear that the planning system couldn't cope with this level of work. ——————————————————————————————————5/7—— Latest news from the City 500 Download and Analysj Shari Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun21 01:28:14 X —— BUILDING IN FUTU5J ————————————————— Environmental pressures are now such that it is unlikely that substantial green sites will bj made available for developers, despite a housing shortage. Instead, so-called "brownfield" sites are being considered as a source. These are found in urban arias and rangr from ex-railway land to industrial estates. In future, about 75% of all new housing development could be in recycled urban locations. ——————————————————————————————————6/7—— Latest news from the City 500 SELLING YOU5 HOME? SEE OU VIEWEROFFERON Mortgages Savings Your Money TV PlusP544 Teletext 544 Jun21 01:31:15 —— BUILDING IN FUTURE ————————————————— London is leading the way with the regeneration of urban areas for new property development. 95% of new developments wiki built on sites formerly in nonJresidential use, but elsewhere in the country this percentage falls to 40%. Part of the reason for this is that "brownfield" sites tend to be quite small, only in London do the property prices make development worthwhile. ——————————————————————————————————7/7—— Latest news from the City k00 Download and Analyse Shari Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV Plus