There’s only one thing holding back residential development

26 October 2012 | By Chris Philp

Residential development — previously a powerhouse of economic growth — is on the floor. Government figures show that, in the decade leading up to 2007, an average of 141,000 private units were started each year. Since the credit crunch, this has dropped to a measly 71,000. Residential housebuilding has halved.

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