Re:Higher-income people are worried about the economy
by philjohn on Wednesday March 23, 2022 @01:25PM
(#30780954)
In the UK we have another problem - land banking.
Housing developers are sitting on huge swathes of land that have planning permission (every council has a housing development plan), but by building slower, and with no real penalties for not using the land (LVT or similar) they can pad their profit margins by trickling properties onto the market.
Housing developers are sitting on huge swathes of land that have planning permission (every council has a housing development plan), but by building slower, and with no real penalties for not using the land (LVT or similar) they can pad their profit margins by trickling properties onto the market.