Wednesday, Mar 02, 2016
Totally screwed up
Britains developers have been accused of increasing their profits from the UKs housing crisis by restricting the supply of new houses to keep prices artificially high. Latest figures reveal that nearly half a million homes in England now have planning permission granted but have yet to be built. The length of time it takes for developers to complete a house has jumped from 24 months to 32. It reignites a long-running row between policymakers and the housebuilding sector over who is to blame for the current housing shortage.
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