Demand for increase in land supply

There will need to be a 67 per cent increase in the amount of land available for new housing if the government is to meet its housing target, according to research by Hometrack. It says that developers are cutting outputs of flats in favour of building larger homes, shifting the near 50:50 split between the number of houses and flats built towards a ratio of 75:25 in favour of houses. According to the research, the shift will impact on density of development and ultimately land values, and the ‘planning system will need to supply a lot more land in order to maintain levels of development’.