The Competition and Markets Authority (CMA) stated that the “complex and unpredictable” planning system is causing too few new houses to be provided, and that the gap between what private developers are creating and what consumers need is growing.
In addition, “significant concerns” over estate management fees were noted in its study on the housebuilding sector. Homeowners “often face” exorbitant and ambiguous fees for managing roads, drainage, and green spaces.
According to the CMA, less than 250,000 new houses were constructed in Britain last year, far less than the 300,000 target set for England alone.
the cause of the missed goals
According to the CMA, targets have only been reached when local governments construct homes. However, the bulk of new construction currently occurs in the private sector.
“It is notable that housebuilding has only reached the levels that are currently being targeted in periods where significant supply was provided via local authority building” .
