Can the government still hit its housing target?
Original Article Summary
Savills also says a buyer support scheme could materially improve delivery
Investor Analysis
Savills forecasts England will average just 167,500 new home completions annually to 2029/30 — barely half the government's 300,000 target — driven by a 39% drop in planning consents, rising build costs, and squeezed viability margins. BTR and affordable housing pipelines are also contracting.
Investor Relevance
Persistent undersupply across all tenures — private sale, BTR, and affordable — reinforces rental demand and supports yield resilience, while deteriorating development viability signals caution for SME developers on new schemes. Investors should revisit acquisition pipelines and cost assumptions given the structural shortfall.
Original Source:
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