More small housebuilders needed to fix UK’s ‘broken’ market: report

April 28, 2017 LONDON (Reuters) – Britain will not fix its “broken” housing market unless it ends the dominance of the biggest housebuilders by supporting smaller providers to ramp up the rate of construction, a parliamentary committee warned on Saturday. Housing is a huge political issue in Britain where demand outstrips supply, pushing up prices and leaving large numbers of first-time buyers locked out of the market. A cross-party report by parliament’s Communities and Local Government Committee said more than half of all new homes were built by the eight…

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