More than 50% of UK developers and builders plan to increase construction
More than half of developers and builders in the UK are planning to increase housing starts and completions over the next 12 months, according to a new survey report.
Some 56% said they were planning to recruit more skilled workers in the next three years but many want to see more resources in local authority planning departments, the House Building Report 2016 from real estate consultants Knight Frank shows.
Indeed, some 30% said making the planning process for public sector land more streamlined would help boost development numbers and 57% said they had not seen an increase in access to public sector land.
On top of this 73% said the cost and availability of labour will have a negative impact on future housing supply at a time when it is at the centre of the national and local political debate.
The expanding UK population, a structural historical undersupply of new housing and a slowdown in movement up and down the housing chain is now injecting a sense of urgency into the need to deliver more new build property, the report points out.
Over the last five years, the UK Government has made significant changes to the planning system, introduced schemes to boost development and put pressure on local authorities and public bodies to sell surplus land.