What's going to happen to the property market this year?

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Knight Frank estimates that net housing supply climbed to more than 200,000 in England in the year to April 2017.

The Housebuilder Survey suggests delivery will continue to rise, with more than half of respondents saying their organisation would build more homes in the next 12 months.

Two-thirds of housebuilders and developers do not think housing delivery can be maintained at a level above 200,000 every year in the current policy environment.

Labour costs and availability, build costs and planning system were identified as the biggest hurdles to development.

More than four-fifths of respondents said the Housing White Paper could have gone further in its suggested reforms.

Justin Gaze, Joint Head of Residential Development at Knight Frank says, “A simplification of the planning system has to be a goal. This would reduce costs and help housebuilders, especially SMEs, to build more housing.”

 

David Fenton, Head of Regional Land at Knight Frank says“The step-up in training being provided by some of the biggest housebuilders will go some way to plugging the skills gap, but this will remain an issue for years to come”

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