Ambition vs Reality: Funding, Planning and Capacity in UK Housing with Simon Rubinsohn & Tony Mulhall MRICS #231

Amid high housing costs and construction challenges, the UK Government's 1.5 million new homes target by July 2029 is an ambition impacted greatly by macroeconomics, planning reform, and a shifting market.In this episode of the RICS podcast, Tony Mulhall MRICS, senior specialist, land and resources at RICS is joined by Simon Rubinsohn, Chief Economist at RICS, to unpack the economics behind the Government’s ambitions. We’ll hear the origins of the ‘300,000 homes per year’ figure, why it’s more totemic than concrete, and how interest rates, gilt markets and political uncertainty are shaping mortgage costs and housebuilder confidence.This episode of The RICS Podcast covers:Origins and limitations of the 300,000 homes per year target How interest rates, gilt yields, and political uncertainty are influencing the pace of housebuildingThe balance between supply-side planning reforms and demand-side support The impact of rising construction costs, skills shortages, and the struggles of modern methods of construction on delivery capacityThe role of government intervention on land value capture and development viabilitySimon Rubinsohnhttps://www.linkedin.com/in/simon-rubinsohn-43124162/Royal Institution of Chartered Surveyors:https://www.rics.org/uk/RICS Podcast Pagehttps://www.rics.org/podcast/Kieran Halliwellhttps://www.linkedin.com/in/kdhalliwell/