Why has it become SO expensive to build a home? Red tape, council levies and design rules have made property cost £76k more

Building homes has ballooned in cost by £76k compared to the pandemic due to a slew of red tape, council levies, and stricter design rules. This increased expense is now being reflected in the price tags of new properties, making homeownership more challenging for many. The surge in construction costs highlights broader issues in the housing market, where regulatory burdens and administrative complexities are driving up prices and potentially stifling new housing developments. It’s a clear indicator of the need for a reevaluation of building regulations to make housing more affordable.