|Work has started on Bill Quango MP's extention already|
Less have been successful in getting that new price in the last few years with a deep recession and restricted mortgage availability - so how much of this 400,000 is in effect pure vapourware? Its quite a lot no doubt.
But, with construction lagging in the economy (although with very dodgy ONS data can we even really be sure this is true), the cry of something must be done has been raised in the media. National infrastructure projects like new airports, powerstations and roads are voter unfriendly and must be left to the next Government. The Coalition already has HS2 and that is enough bad news for home counties constituencies to take.
From a trading perspective I am not so sure this is good news for housebuilders as it maybe mean although they get more planning, people do extensions and so don't move. Instead, Kingfisher and other DIY businesses will move on this news to a greater extent.
So now, along with an improved national planning framework, we are to have a free-for-all on extensions to boost the economy. As ideas go this is not too bad. We have a bug shortage of housing stock and over-priced properties, so investment in this area should generate real returns, whilst potentially helping to balance serious crisis.
Now, if only they can find the strength to allow some private sector build some gas fired powerplants and an airport the Government might even help pull the Country from recession....