Property News · February 8, 2017

Housing white paper won't shake big builders to their foundations


Sajid Javid sounded radical when he claimed rate of housebuilding was ‘not good enough’ – but his plans change littleNot so long ago, the communities secretary, Sajid Javid, sounded like the scourge of the big housebuilders as he complained that current rates of housebuilding were “not good enough”. His white paper on housing upgraded the rhetoric to describe the market as “broken” but it would be hard to conclude the fix-it plan will make life uncomfortable for the likes of Barratt, Persimmon and Taylor Wimpey.The stick that Javid has chosen to beat the big boys looks more like a twig. Developers will be forced to build on land within two years of gaining planning permission. That is a reduction from the current cut-off of three years but, given that most developers tell us they start building almost as soon they receive permission, the switch may be barely noticed. Continue reading…

Source : theguardian.com
Read more…Housing white paper won’t shake big builders to their foundations

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