It seems bleak now but there are reasons to believe things will recover

Richard Payne headshot

Banks will be part of the solution this time around, says Oblix Capital’s Richard Payne

At the beginning of March, the government was promising a new dawn for housebuilding, with some ambitious plans.

A million homes were targeted to be built within five years, with aspirations to increase that number to 300,000 a year. Budget and post-Budget announcements heralded upwards extensions being included within permitted development rights by the summer, a consultation on the demolition of vacant commercial buildings to be replaced with residential units, and a sweeping review of planning permission was also promised.

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