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According to the House Builders Federation (HBF) high land costs
are likely to provide further impetus to UK house prices.
"Currently
we are building 160,000 homes which is at least 60,000 too
few," Pierre Williams of the HBF told BBC News Online.
"As
a result house prices over the last thirty years have gone
through a boom-bust cycle, with the boom being more pronounced
than any bust."
The
government has expressed concern at housing shortages,
particularly for key workers in the South East of England.
Earlier
this year, the government announced plans for the building of
200,000 homes in the South East around Milton Keynes, Thames
Gateway and Stansted to tackle the shortage of affordable homes.
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