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CMA housebuilding market study: final report (no MIR), recommendations to UK/Scottish/Welsh governments, and competition investigation into alleged information sharing by eight housebuilders in Great Britain (26 February 2024)

Published on: 26 February 2024

Published by a LexisNexis Competition expert
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  • Market studies
  • Antitrust
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Article summary

Market studies CMA publishes final report on housebuilding market duty; finds fundamental concerns

The CMA has released its concluding report on the housebuilding market in Great Britain, setting out its position to government on possible remedies and its decision not to issue a market investigation reference under section 131 of the Enterprise Act 2002. It concludes that the sector is underperforming for consumers. Completions of new homes have persistently missed government targets. Too few properties are delivered, particularly in the places where demand is greatest, undermining affordability. The report also flags worries about the standard of new-build housing and the slow pace of innovation. According to the CMA, these unsatisfactory results are chiefly driven by how the planning systems operate and by the constraints inherent in speculative private development. Overall, the market is not delivering the homes people need, in the locations where they are most needed today...

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