The government's target is one million new homes by 2020;
the argument being that more supply will bring down prices. But the head of one
of the UK's largest housebuilders, Berkeley Homes, says the target may be
missed. Radical change will be required to raise the current new-build rate
above 170,000 per year, says Rob Perrins. When I asked him if the target would
be hit, his answer was emphatic. "There are three reasons why they will
not hit the target. Firstly, there is not enough land ready for development.
Secondly, the UK has the highest property taxation in the world. And it acts as
a disincentive to build and [for people to] move. And thirdly, I don't believe
it is a top three political issue.” Read more on the BBC website.
No comments:
Post a Comment