Bank of England governor Mr King was at pains to point out the current situation in the UK housing market was not a return to the crisis of the 1990s during an examination by the Treasury select committee today.
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Bank of England governor Mr King was at pains to point out the current situation in the UK housing market was not a return to the crisis of the 1990s during an examination by the Treasury select committee today.
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England requires 3.475 million new properties by 2020, according to the National Housing and Planning Advice Unit (NHPAU).
Without this number of new homes, property will remain unaffordable, to the detriment of society, the government has been told.