Housebuilders are sitting on enough land to build more than 800,000 homes, analysis by The Telegraph has found, raising new questions about efforts to increase the supply of new properties and reverse the decline in home ownership.
The total number of plots in the top nine housebuilders’ land banks has risen by 25pc in the past five years to around 838,000. That is despite a series of Government reviews and policies meant to increase the rate of building.
Land is an input into housebuilding. Land that can be built upon takes some years to put together, gain permission upon. The stock of inputs that take some years to organise will rise as annual production increases.