Briefing

CMA’s housebuilding report highlights drawbacks of speculative model and need for planning reform

By 2024-02-27T00:05:00

shutterstock_1660321354

From land banking to a probe into anti-competitive activity, we breakdown the critical points from the UK competition regulator’s report into the housebuilding market

Today saw the publication of a year-long investigation by the Competition Markets Authority (CMA) into the state of the housebuilding industry in England, Scotland and Wales. The report concluded that “the housebuilding market is not delivering well for consumers and has consistently failed to do so over successive decades”. 

It also uncovered alleged breaches of the Competition Act by eight UK housebuilders and a subsequent inquiry has been launched into whether or not they shared sensitive information.

What’s the background?

The CMA launched its study into housebuilding in England, Scotland and Wales on February 28 last year in response to a formal request from housing secretary Michael Gove.

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.