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Will the government’s new housebuilding plan really make homes cheaper?

Not while the planning system is riddled with contradictory incentives

By Chaminda Jayanetti  

Photo: Pixabay

The government’s planning white paper is stirring a growing backlash in the Tory shires, promising as it does to increase housebuilding in areas of peak demand in and around London. But what is less clear is whether these plans to build more housing will actually make housing more affordable.

Most people would assume that as the supply of housing rises to meet demand, prices will fall. After all, this is how it works with virtually all consumer goods and services, from taxis to TVs. But housing is…

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