The Building Societies Association (BSA) has called on all parts of the Welsh housing market to work together to ensure the supply of new housing in Wales keeps up with rising demand.
The trade body, which represents all 44 building societies in the UK including the Principality, Swansea and Monmouthshire, made the call as part of its ‘Housing for All’ conference which took place on 10 June in Cardiff.
Delegates to the conference included local authority representatives, estate agents, developers, housing associations and building societies to discuss the problems and opportunities facing the Welsh housing market.
The opening speech at the conference was given by Paul Broadhead (pictured), head of mortgage policy at the BSA, who called on the different parts of the market to identify the barriers and opportunities to ensure sufficient housing was provided for future generations within Wales.
He said: “In Wales there are encouraging signs but the ultimate goal has to be a significant increase in the number of new homes completed each year.
”As mortgage lenders, building societies play their part in fulfilling borrowers’ housing aspirations and as the Help to Buy Wales scheme shows can have a positive effect.
“But we need action to be taken now to ensure we have sufficient homes for the population of tomorrow.”