More than 200,000 homes a year feasible?
Tue 3rd June 2014, 5:05 pm
According to a survey, only six per cent of house builders believe it is possible to build 200,000 homes a year.
Those building homes of all different sizes took part in the survey, which was conducted by Knight Frank, and is part of the report Building Momentum.
According to the participants, a more realistic target is 180,000 homes or less, which 76 per cent of respondents indicated as achievable.
Grainne Gilmore, head of UK research at Knight Frank, said: "The question of whether it is feasible for house builders to plug the housing hole left by the relative lack of government investment remains a primary concern.
"There is no doubt that developers have stepped up activity since the zenith of the financial crisis – official data shows completions in England rose 4.5 per cent over the last year.
"But this still leaves development some way off the levels needed to meet demand across the UK.
"Our survey suggests, however, that development volumes will continue to rise. It is just a question of whether it is going to be enough to meet that 200,000 target.
"Looking further forward, more than seven in 10 respondents expect the number of housing starts by their business to rise over the next 12 months."