03.05.2011 - UK: Confused planning environment further undermining supply of new homes
Knight Frank surveyed 200 housebuilders/developers, from volume to niche, in all parts of the UK, building homes in a range of price brackets. Planning is becoming a bigger issue for housebuilders: nearly 60% of builders surveyed said localism legislation will slow the speed of obtaining consents. 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; 39% of builders surveyed suggest implementing subsidized mortgages for first-time buyers..............................................Full Article: Source
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