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Housing Today
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Key takeaways from the CMA’s housebuilding report
From land banking to a probe into anti-competitive activity, we breakdown the critical points from the UK competition regulator’s report into the housebuilding market
Today saw the publication of a year-long investigation by the Competition Markets Authority (CMA) into the state of the housebuilding industry in England, Scotland and Wales.
The report concluded that “the housebuilding market is not delivering well for consumers and has consistently failed to do so over successive decades”.
It also uncovered alleged breaches of the Competition Act by eight UK housebuilders and a subsequent probe has been launched into whether or not they shared sensitive information.
What’s the background?
The CMA launched its study into housebuilding in England, Scotland and Wales on February 28 last year in response to a formal request from housing secretary Michael Gove.
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