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Listening to the professionals


Peter Griffiths, chief executive of the Principality Building Society, gives a realistic view on the future of affordable housing in Wales in the Western Mail today.

“If you look at what’s come out of the policy document from Labour and Plaid, one of the suggestions is grants for first-time buyers. All you are doing by introducing those is stoking up demand when the issue is all about supply. How can you create a vehicle in Wales which brings more land forward for development?"

I have written on this extensively before and, as we would say on the Llyn Peninsula, 'mae Peter yn llygad ei le' regarding the inflationary nature of 'first time grants' and the importance of securing local land for housebuilding for local people (although I do disagree with his comments on lawmaking powers for the Assembly!)

Certainly, it could start to be a solution to the ridiculous prices we have seen recently in the land of my fathers.

I hope that the politicians will finally listen to someone who knows what they are talking about.

Comments

Bwganbrain said…
I listened to Peter Griffiths' address in Cardiff and it was quite simply excellent.
Complex issues analyzed and presented brilliantly yet humbly. A very good man indeed and one that our politicians should listen to as he truly understands the supply and demand issues in regard to property/land and housing
July 05, 2007 9:18 am
Professor Dylan Jones-Evans said…
Problem is, Peter has now been critical and as I can vouch from personal experience, the boys and firls down in the Assembly certainly don't like that (unless we are truly embraking on a 'new' Wales)
July 05, 2007 10:01 am
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