CBI boss to highlight importance of UK property sector

Sir Digby Jones, the director general of the Confederation of British Industry (CBI), will underline the importance of the UK property sector later this week, at the annual conference of the Chartered Institute of Housing (CIH).

In a keynote speech, Sir Digby will address hundreds of professionals who are responsible for the creation and maintenance of a large portion of the country’s housing.

One of the issues considered in the session, which will also involve shadow housing minister Michael Gove, will be the importance of having a balanced housing market in the UK if the government intends to secure economic success.

According to the CIH, Sir Digby’s speech will coincide with an all-party housing, planning and local government select committee report, which will suggest that demand for homes is soon to outstrip supply.

The report will claim that the 200,000 new homes the government is planning to build every year will not correspond with the number of houses that people will be wanting to buy in the coming years.

According to the select committee publication, as well as addressing the volume of houses on the market, the government must also consider the particular needs of different social groups and areas.

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