New survey finds building gridlock comes down to costs

Three-quarters of respondents plan to increase land bank

Forty-eight per cent of respondents contacted targeting acquisitions with planning, while 45 per cent feel the regulations are a serious impediment to construction

Knight Frank’s first new homes construction survey has highlighted some key factors behind the current housing shortage.

The real estate consultant used its network of developers and builders to identify the causes behind the lack of new homes and to ask them what can be done to address the housing shortage.

“The disconnect between the current cost of construction and the reduced purchasing power of prospective home buyers, driven by the new Central ...