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DoLGE falls short of housing targets

by isleofman.com 25th July 2006
Targets for the building of public sector and first-time buyer homes are not being met.

Three years ago the Department of Local Government set a target of 120 houses each year over a five year period, but so far it's managing only 85.

The latest Housing Policy review also reveals a sharp increase in house prices in the Island.

The average cost of a house on the open market has DOUBLED in six years.

Could the two things be connected? Does the shortage of dedicated housing stock for new buyers push-up the overall price of property here?

Local Government Minister John Rimington (pictured) doesn't agree:
Posted by isleofman.com
Tuesday 25th, July 2006 03:43pm.

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