Friday, 14 September 2012

Will changes in planning kick start the ecomony? First of all construction companies want to see some growth in the housing market, currently banks are not lending so mortgages aren't something home-buyers are finding easy to get to buy houses. People have seen their income cut and therefore don't have the money to commit to a large monthly outgoing necessary to meet mortgage repayments. Builders don't want to see their properties remaining empty for long periods of time leading to vandalism, and many don't have the capital to risk which see their company go under. So, really at the end of the day even if the planning law was relaxed it is unlikely to see a boom in construction without the Government forcing the banks to lend, and Cameron is unlikely to do this to his best mates.

Contruction already 10.1 percent on the year!

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