A new Housing Board has been established.

Minister for Economic Development, Housing, Urban Renewal, Transport, and Civil Aviation, Hon. Guy Joseph, said the board will address a multitude of issues facing the sector.

“The new Housing Board will be established this week. It will conduct a general review of the housing stock available on the island, and assess the demands of the housing sector,” Minister Joseph said.

He added that a major issue to be tackled is that of affordable housing.

“One of the things that I want to be measured by is the affordability of housing, because usually people become ministers and they just go with the norm of doing things and nothing changes in terms of pricing.

"We want to make affordable housing available whether it be in subsidies or in any other form. In as much as it is so easy to own a vehicle in this country, I want to make it as easy to own a house and land. I would much rather see young people investing in housing and land that appreciate in value, rather than in areas that do not bring the desired benefits that they may be looking for.”

The minister said affordable housing should be available to everyone.