Property Development

(asked on 6th October 2020) - View Source

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.


Answered by
 Portrait
Lord Greenhalgh
Minister of State (Department for Levelling Up, Housing and Communities)
This question was answered on 19th 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.

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