Housing: Construction

Department for Communities and Local Government written question – answered on 22nd December 2015.

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Photo of Lord Kennedy of Southwark Lord Kennedy of Southwark Shadow Spokesperson (Housing), Opposition Whip (Lords), Shadow Spokesperson (Communities and Local Government), Shadow Spokesperson (Home Affairs)

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.

Photo of Baroness Williams of Trafford Baroness Williams of Trafford The Parliamentary Under-Secretary of State for Communities and Local Government

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.

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