Sunday, February 18, 2007

Homebuilders hoarding land

Planners accuse homebuilders of hoarding land to keep prices high

Planning experts have hit back at claims that the planning system is slowing the rate of new homes being built, instead blaming homebuilders for holding on to land to inflate prices. Property firms are making record profits on the back of huge increases in their land banks by manipulating supply, one source said. "Homebuilders get planning permission but delay building houses to keep prices high,"

Posted by rich @ 10:13 AM (490 views)
Please complete the required fields.



One thought on “Homebuilders hoarding land

  • Time for a land tax I think. Unfortunately if these people decided to dump their land on the markets, it could mean an uncontrolled correction. I guess it has to happen some time.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>