Newhomes short­age

Yorkshire Post - Property - - PROPERTY -

PLAN­NING is be­com­ing a big­ger is­sue for house­builders with nearly 60 per cent of builders sur­veyed say­ing lo­cal­ism leg­is­la­tion will slow the speed of ob­tain­ing con­sents, ac­cord­ing to Knight Frank. Mort­gage fi­nance is the sin­gle great­est threat to the new homes sec­tor, closely fol­lowed by fu­ture rises in in­ter­est rates and weak UK eco­nomic growth.

Knight Frank say the UK new homes mar­ket will fail to de­liver enough homes to ser­vice the grow­ing pop­u­la­tion, with hous­ing starts down 43 per cent on 2007 lev­els: at cur­rent rates, the num­ber of new homes be­ing built is less than 50 per cent of the an­nual in­crease in the num­ber of house­holds. House­builders re­port three-and four-bed­room houses are most in-de­mand.

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