Question to the Department for Levelling Up, Housing & Communities:
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.
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.