England to miss housebuilding target by 660,000 homes
Original Article Summary
England is on track to fall short of the Government's housebuilding target by more than 660,000 homes over the next five years, according to new forecasts from Savills. The property consultancy projects that new home completions will average 167,500 annually through to 2029/30, significantly below the Government's target of 300,000 homes per year. The post England to miss housebuilding target by 660,000 homes appeared first on PropertyWire.
Investor Analysis
Savills forecasts England will build only 837,500 homes over the next five years against a 1.5 million target, with annual completions potentially falling to 150,000 in 2026–28 due to planning constraints, affordability pressures, and rising development costs.
Investor Relevance
Persistent undersupply at this scale reinforces bullish assumptions on residential rental demand and capital values, reduces viability risk for existing stock holders, and signals caution for developers relying on volume sales — particularly as the completion trough is forecast for 2026–28.
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