BPF: Housing investment must be encouraged

The British Property Foundation (BPF) has expressed its pleasure that a cross-party group of MPs are supporting the BPF's recommendations for solving the UK's ongoing housing crisis.

Ian Fletcher, BPF director of policy, welcomed the findings made in the government's Financing of New Housing Supply report.

He underlined the role institutions and pension funds could have in revitalising growth in the property industry.

"With current finance models struggling, we must look at the broadest range of options for funding the UK's housing supply," said Mr Fletcher.

The director pointed to the importance of encouraging institutions to put money into residential housing as an alternative to more traditional investments, noting that "rental demand and political support" already make such a move viable.

Earlier in the year, the Montague Review was launched in a bid to break down the barriers halting investment in privately-rented properties, amid attempts to increase the UK's supply of affordable housing.