Wednesday, 25 June 2014

Unrealistic Homes Target Will Be Missed Warn Housebuilders

According to, Homes for All, a new study by business advisory and accountancy firm BDO, the lack of new homes coming onto the market will mean a continued squeeze for first time buyers and little chance of a significant correction in the housing market as demand continues to outstrip supply. The BDO research reveals that 95pc of board level executives at UK housebuilders think that Government targets are unachievable, with 26pc doubting that they will ever be reached. Bosses also said that planning red tape, constrained funding options and limited land availability were the biggest barriers to building in the UK. And despite measures introduced to help speed up the planning process, it still is the biggest cause of delay to housebuilding in the UK, according to 61% of housebuilders.  Read more on the EDP24 website.

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