To ask Her Majesty’s Government what assessment they have made of the number of new properties being built, and of the effect that that number is having on house prices.
Statistics on new build housing starts and completions in England are published on the Department's website at: https://www.gov.uk/government/statistics/house-building-in-england-july-to-september-2015. The latest figures for July to September 2015 are attached.
House prices are determined by the interaction between demand for homes and supply of homes and the latter is determined in large part by the sale of existing properties. As such, there is no simple relationship between house prices and the number of new properties being built.