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Should Landlords be Banned From Buying New Build Property?

A new report prepared for the Labour party by Sir Michael Lyons - the 180-page Lyons Housing Review - calls for a faster planning process and new government powers to force local councils to produce and follow a house-building plan, in an effort to build 200,000 new homes annually.

In the central thrust of the report, Lyons repeatedly warns Labour that it must show leadership on the issue if the under-supply of land at the heart of Britain's housing crisis is to be addressed. It blames an 'artificial scarcity which incentivises trading in land rather than building on it'.

The report proposes that by 2020 101,000 homes a year will be built by volume house-builders, 25,000 by small- and medium-sized house-builders, 15,000 through self-build, 8,700 by institutional private sector investment and 50,200 by housing associations and local councils.

In 2013 a total of 109,000 homes were built. The report says: 'We need to build at least 243,000 homes a year to keep up with the number of new households being formed.'

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