Barratt CEO: 'Public sector must deliver more land'
The chief executive of Barratt has called on the public sector to bring more land forward for housing development to prevent the ‘overwhelming’ housing crisis getting worse.
Speaking on Thursday at the Housing Forum’s annual conference in London, Mark Clare said 40 per cent of developable land was in public sector hands and unless more was done to quickly release it research by Savill’s showed the ‘housing supply gap’ would grow from 400,000 at present to 1.5 million in 2020.
He said: ‘We need much more visibility on land supply from the public sector. The potential for 80,000 units have been identified from public sources. As soon as we as an industry can see the detail on this the sooner we can bring homes forward for development.’
Mr Clare’s comments were echoed by Barry Munday, chair of the Housing Forum, who said tackling the ‘deepening crisis in the lack of housing supply’ would soon require a ‘big bazooka rather than a series of pea-shooters’.
In his speech Mr Clare added that just ‘two out of every 10 first-time buyers manage without parental support’ and called on the housing sector to ‘find new ways of working and without relying on subsidy from the state’.
On planning reforms he added: ‘Planning takes an average of 24 months. Is this going to improve as a result of the national planning policy framework? I’m not convinced.’
Inside Housing is calling for more to be done to release land for housing development through its Get on our land campaign.