Tuesday, 5 January 2016

Revealed: Housebuilders Sitting On 600,000 Plots Of Land

Britain’s biggest housebuilders possess enough land to create more than 600,000 new homes, an analysis by the Guardian has found, raising questions about whether they are doing enough to solve the housing crisis facing Britain. The nine housebuilders in the FTSE 100 and FTSE 250 hold 615,152 housing plots in their landbank, according to financial disclosures. This is four times the total number of homes built in Britain in the past year. Berkeley, Barratt, Persimmon and Taylor Wimpey – the four biggest companies in the industry – account for more than 450,000 of the plots. They are also sitting on £947m of cash and declared or issued more than £1.5bn in payouts to shareholders in 2015. Read more on the Guardian website.

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