Grand Designs’ Kevin McCloud says UK property market ‘broken'

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Grand Designs star Kevin McCloud has criticised the ‘broken’ UK property market Grand Designs star Kevin McCloud has criticised the ‘broken and dysfunctional’ UK property market which he said is m

onopolised by big housebuilders demanding large profits. The presenter and designer, 64, said Britain is falling behind other European countries such as Germany and Sweden when it comes to housing development. ‘If I were the housing minister I’d be looking at ways to break this monopoly that two or three companies have over the market,’ McCloud told the PA news agency.

’ The UK’s construction industry has faced challenges in recent months, with residential housebuilding in particular feeling the knock-on effect of higher interest rates gripping the housing market. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Up Next Builders have also grappled with tougher economic conditions, including rising prices, weaker demand and disruption in their supply chains.

 

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