UK house building crashes to a 12-year low: full story
UK house
building crashes to a 12-year low: full
story
Housebuilding
in the UK has fallen to its lowest level since 2014, with only 37,350 new homes
completed in the 3 months to September 2025, according to the Office for
National Statistics.
Key causes
are said to include high interest rates, elevated costs for materials and
labour, planning delays and uncertainty over the future, especially regarding
the Iran War.
Britain’s
largest housebuilder, Barratt Redrow, is planning to drastically cut back on
buying new land. Major house builder Berkeley Homes has stopped purchasing new
land altogether and implemented a hiring freeze. And it is reducing work in progress to align
with sales rates.
This puts
even more pressure on the Government’s plan to build 1.5 million new homes over
the current 5-year parliament.
Jm April
17th 2026
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