UK risks being held to ransom by 'too big to fail' housebuilders
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UK risks being held to ransom by 'too big to fail' housebuilders
There is no sign that housebuilders will double their output and enable government to hit its new target of 300,000 new homes a year, says Lord Best.
For about fifty years the private sector housebuilders have built something in the region of 150,000 homes a year. There is no sign that these firms will double their output and enable government to hit its new target of 300,000 new homes a year. Indeed, it is not in the interests of this industry to end the scarcity of homes that has driven up house prices: the stock market valuation of Britain’s largest housebuilders rose by 342% over the five years to 2013 while housebuilding nosedived to a post-War low.
https://www.politicshome.com/news/uk/communities/housing/opinion/house-lords/91943/lord-best-uk-risks-being-held-ransom-too-big
For about fifty years the private sector housebuilders have built something in the region of 150,000 homes a year. There is no sign that these firms will double their output and enable government to hit its new target of 300,000 new homes a year. Indeed, it is not in the interests of this industry to end the scarcity of homes that has driven up house prices: the stock market valuation of Britain’s largest housebuilders rose by 342% over the five years to 2013 while housebuilding nosedived to a post-War low.
https://www.politicshome.com/news/uk/communities/housing/opinion/house-lords/91943/lord-best-uk-risks-being-held-ransom-too-big
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