It will certainly be a massive blow to the house building industry. 1 in 4 sales on many sites are to BTL buyers and on some sites 1 in 3. If sales slow by a quarter to a third builders will slow down the rate of build. I can see jobs being lost and more consolidation within the industry at a time when we desperately need more homes to be built. When sales rates slow even the owner occupier sales fall off because sites lose momentum.
So will New build costs come down?
Edited by Triassic, 29 August 2015 - 07:02 AM.