Report: Boost Housing Numbers by Cutting Red Tape

A new report from the Home Builders Federation (HBF), published yesterday, highlights how small and medium sized housebuilders are facing significant obstacles to their businesses in the form of unnecessary red tape. It is estimated that at least 25,000 more new homes could be built every year if current regulations were to be relaxed.

There is particular concern that it is has become difficult for new housebuilding companies to grow to any significant size, in contrast to larger housebuilders who are seeing their growth hold steady. In order to increase new housing numbers to a level meeting government targets, the report says that small and medium sized housebuilders must grow at a faster rate – particularly since the vast increase in the number of new homes being built over the last decade has been almost entirely due to expansion by larger housebuilders.

Various recommendations are made in the report, including using Brexit as an opportunity to reform regulations on housebuilding, making it simpler to build new homes quickly.

Source: Property Investor Today