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Property Development

Question for Ministry of Housing, Communities and Local Government

UIN HL8828, tabled on 6 October 2020

To ask Her Majesty's Government, further to the Written Answer by Lord Greenhalgh on 1 October (HL8296) and the White Paper Planning for the Future, published on 6 August, what assessment they have made of the reasons for low market absorption rates as the responsible factor for stalled developments.

Answered on

19 October 2020

Sir Oliver Letwin's 2018 independent Review of Build Out provided a comprehensive assessment of build out rates for large residential sites which identified low market absorption rates as a key constraint. A copy of the report can be found at https://www.gov.uk/government/publications/independent-review-of-build-out-draft-analysis.