Britain Is Now Building 15pc Fewer Homes Than Before The Crash

The UK is building 15pc fewer homes than it was in the five years before the downturn in 2008, according to a new report by Carter Jonas that has laid bare the disjointed residential construction industry. It found that new build homes are valued at an average of 30pc more than second-hand stock, which is the greatest disparity in fourteen years. In some areas this effect is exaggerated. In Harlow, Essex, the average brand-new home is 112pc more expensive than a second hand one. This is also the case in Gravesham in Kent and Preston in Lancashire, where new homes command a premium of more than 95pc. Read more on the Daily Telegraph website.