To ask Her Majesty's Government what assessment they have made of the impact of Brexit uncertainty on the UK housing market.
8 April 2019
The Department is working closely with industry and all levels of government to monitor and support the housing market. At Spring Statement, we announced measures to support the market, such as guaranteeing (through the Affordable Homes Guarantee Scheme) up to £3 billion of borrowing by Housing Associations in England, to support the delivery of around 30,000 affordable homes.
We remain committed to delivering safe, secure and affordable housing to people across the country, and our exit from the EU will not change this. A key pillar of realising this commitment is our ambition to deliver 300,000 homes a year by the mid-2020s.
To further ensure a smooth transition, we have implemented legislation which will mean that on Day 1 after exit, the UK’s regulatory requirements on construction products will be the same as the EU’s requirements. In the event of a no-deal scenario, we will continue to recognise EU product requirements as valid for sale on the UK market for a time limited period after we leave the EU.