Developers are still buying up huge swathes of Britain cheaply with no intention of building on it anytime soon. The latest analysis of the company reports of the eight leading housebuilders has found that the land they hold has soared to 918,823 plots – the number of homes a builder expects a piece of land to yield, whether houses or flats – an increase of 43% on 2018.
Taylor Wimpey has the biggest bank with 223,745 plots, a rise of 16.5% on 2018 and enough to last 16 years at the rate it builds. Barratt and Persimmon have both increased