Thursday, 16 August 2018

UK House-Building 'Below Pre-Crash Levels'


House-building across half of England is slower than it was before the financial crash, analysis suggests. Almost a decade on from the 2008 crisis, some 52% of councils saw fewer homes built last year than in the year leading up to the crisis. The Federation of Master Builders said the planning system was too "complex, difficult and costly to navigate". The government said last year saw the largest percentage increase in new homes in nine years. Overall, some 217,000 new homes were built in 2016-17, two-thirds of the government target of 300,000. These include conversions of existing buildings, as well as new homes. Read more on the BBC website.

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