Hoarding Housebuilders Increase Land Banking During the Pandemic

Research reveals which of the UK’s biggest developers currently own the highest number of land bank plots, land which can, but isn’t being built on. StripeHomes analysed data on the volume of land banking plots and found that they totalled 441,702 plots in 2020, a 4% increase on the previous year. The current level of land bank plots by these housebuilders alone far exceeds the government’s target to build 300,000 new homes a year, a target they consistently fail to reach. Barratt, one of the nation’s biggest housebuilders, also claims the title of Britain’s biggest land banker. As of 2020, Barratt owned 80,324 land bank plots. Second on the list is Taylor Wimpey, owner of 77,000 land bank plots, and third is Persimmon with 67,205 plots. Read more on the Property Notify website.

https://www.propertynotify.co.uk/news/press-releases/britains-hoarding-housebuilders-increase-land-banking-plots-during-the-pandemic/