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

By Richard Payne 2020-04-03T06:00:00

Banks will be part of the solution this time around, says Oblix Capital鈥檚 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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