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

Post by Admin on Fri Jan 12, 2018 12:59 pm

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
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