A market study of home building in the UK published by the OFT

The Office of Fair Trading (the OFT) has published Homebuilding in the UK: A market study that concludes:
  • The home building sector is broadly competitive and there is little evidence of home builders "landbanking" to restrict supply and inflate prices.
  • Homebuyers can experience delays and faults and they need more protection when buying a new home.
Some organisations involved with the home building sector have agreed to implement a code of conduct and redress scheme to address the problems experienced by homebuyers. The OFT recommends statutory intervention if the industry fails to deliver an effective solution to these problems.
PLC Property


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