The number of homes being built each year is on course to more than halve over the next three years, according to Berkeley Group’s chief executive.
Rob Perrin said the scrapping of annual housing targets had created a culture of “saying no” within local authorities. He said this was an even greater risk to housebuilding numbers than the rapid rise in borrowing costs.
“What’s going to really reduce numbers, even if there’s an economic recovery, is the planning and regulatory environment,” he said.
The number of homes being built was on track to fall to 100,000 a year by 2026, from 210,000 over the 12 months to the end of March, he said.
