Builders claim houses selling below cost
Construction industry says a third of overheads go to exchequer
The selling price of a three-bed semi is now lower than the cost to build and bring it to market, the Construction Industry Federation (CIF) has claimed.
More than a third of the total cost of building the average house is accounted for by taxes and other charges that go into the exchequer, claimed the builders’ lobby group.
When rising land costs are included, the average price of building a three-bed semi in ...
