Home Building Falling Short of Labour's 1.5m Target, Savills Warns
UKPulse Property Desk
Property giant Savills has warned that the rate of home completions is expected to slow between now and 2029, potentially hindering the Government's target of 1.5 million new homes.
- Home building is reportedly falling short of Labour's 1.5 million target.
- Savills forecasts a slowdown in home completion rates between now and 2029.
- The Government aims to meet its 1.5 million home target by 2029.
Property giant Savills has issued a warning that the rate of homes being finished is projected to slow down between the present and 2029. This period is when the Government aims to achieve its target of 1.5 million new homes.
The current pace of home building is reportedly falling short of Labour's 1.5 million target, according to the property giant.