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UK's biggest housebuilders slammed over banking land for nearly a million homes
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NEWSDECK ANALYSIS
The UK government has set a target of building 1.5 million new homes during the current Parliament, aiming to address the country's housing shortage. Land banking, where developers hold onto land without building on it, has been a longstanding issue in the UK's housing market, with critics arguing it contributes to the shortage of available homes. The practice has been subject to scrutiny and debate, with some arguing it allows developers to control supply and drive up prices.
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Mirror News
UK's biggest housebuilders slammed over banking land for nearly a million homes
EXC: Babelfish found the country's five biggest housebuilders are sitting on enough land to build 869,000 homes – more than half of the Government's target of 1.5 million homes this Parliament
11 Jul, 09:15
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