Just 1% of housebuilders think government housing targets are achievable
June 1, 2018
By Jordan Marshall 9 July 2018
Housebuilders cast further doubt on government housing policy as ministerial turnstile continues, according to Knight Frank research
Close to 90% of housebuilders believe construction of 250,000 additional homes a year is the maximum achievable amount by 2022 – 50,000 short of the government’s 300,000 target – according to Knight Frank
In its annual Housebuilding report, the property agent said 86% of housebuilders felt the government’s targets were completely unachievable.
Just 1% of respondents, which include more than 100 developers that account for almost 75% of all newly-built homes across the country each year, think surpassing 300,000 additional homes each year is possible by 2022.