Housing: Construction

(asked on 24th April 2019) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, if he will make an assessment of the quantity of land suitable for housing being left undeveloped due to land banking by private developers.


Answered by
Kit Malthouse Portrait
Kit Malthouse
This question was answered on 1st May 2019

The Review of Build Out Rates chaired by the Rt Hon Sir Oliver Letwin MP reported on 29 October 2018. It found no evidence that speculative land banking is part of the business model for major house-builders, or that it explains slow build-out rates. The review concluded that greater differentiation in types and tenures of new homes would increase market absorption and stimulate an increase in build-out rates. This Government has put in place extensive incentives and assistance to encourage house-building, especially on brownfield land, to support the housing policies in our revised National Planning Policy Framework.

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