Ellie Ames 01 October 2024

Building costs may exceed house prices in 60 council areas

Building costs may exceed house prices in 60 council areas image
Image: John David Photography / Shutterstock.com

The cost of building a home may be higher than house prices in up to 60 UK local authority areas, according to new research.

Analysis by The Housing Forum has put the cost of developing an average-sized three-bed house at about £242,000, including construction, external works, planning and other fees.

The forum said that once a ‘modest’ sum for purchasing the land was factored in, the cost of building the home may exceed sales prices in 60 council areas, where an average newbuild costs less than £280,000.

Director of policy and public affairs Anna Clarke said: ‘After years of inflation, it is clear that more needs to be done to make new housing more financially viable.

‘There are things that the housing sector can do, like standardising designs and finding efficiencies in construction, but ultimately leadership must come from a national level.

‘The Government must do what they can in the short term to bring down costs, including ensuring a stable policy environment, provide financial certainty for social landlords looking to deliver new homes, and lead the way in researching ways to reduce the cost of building new homes.’

SIGN UP
For your free daily news bulletin
Highways jobs

Social Worker - DBIT (Core) MID

Essex County Council
£37185.0000 - £50081.0000 per annum
Social Worker - DBIT (Core) MIDFixed Term, Full Time£37,185 to £50,081 per annum Location
Recuriter: Essex County Council

Senior Social Worker - Neighbourhood Team

Essex County Council
£46574.0000 - £56027.0000 per annum + Flexible Working, Hybrid Working
This is a part time opportunity for 22.5 hours per week. These hours will cover 3 days including a Thursday and Friday, plus one other day that can England, Essex, Clacton-On-Sea
Recuriter: Essex County Council

Markets Team Manager (Strategic Commissioning Manager)

The Royal Borough of Kensington & Chelsea Council
Negotiable
Drive real change in your community - shape the future of careDrive real change in your community - shape the future of careAt the Royal Borough of Ke England, London
Recuriter: The Royal Borough of Kensington & Chelsea Council

School Effectiveness Partner

Essex County Council
£62725.0000 - £73793.0000 per annum
School Effectiveness PartnerPermanent, Full Time£62,725 to £73,793 per annumLocation
Recuriter: Essex County Council

School Crossing Officer - Danbury Park Community School

Essex County Council
Up to £13.00 per hour
School Crossing Officer - Danbury Park Community SchoolPermanent, Part Time£13.00 per hourLocation
Recuriter: Essex County Council
Linkedin Banner