Homes For All 2014
27 June 2014
The bosses of UK house building businesses say that Government targets to build 240,000 new homes a year by 2016 are unrealistic and won't be met, according to, Homes for All, BDO's latest report. The lack of new homes being built will mean a continued squeeze for first time buyers and little chance of a significant correction in the housing market as demand continues to outstrip supply.
BDO spoke to 50 UK housebuilders across the country to canvass their views on the key challenges facing the industry and how to overcome these. BDO's research reveals that 95% of board level executives at UK housebuilders think that Government targets are unachievable, 26% doubting that they will ever be reached. Bosses also said that planning red tape, limited funding options and lack of land were the biggest barriers to building in the UK.