HBF survey finds nine in 10 SMEs think Building Safety Levy will make more sites unviable
Summary
The Home Builders Federation reports that nine in ten small and medium-sized housebuilders believe the proposed Building Safety Levy will make more development sites unviable. The group is urging government to pause the levy’s introduction, arguing it could further constrain delivery while intended to fund remediation of defective buildings.
Why it matters
Surveyors involved in development appraisal, viability, and lending will need to understand how the levy may affect site feasibility and scheme delivery. It also has potential implications for valuation assumptions and risk assessments on residential development land.
Key points
- HBF survey indicates strong SME concern about the levy’s impact on viability.
- The levy is intended to raise funds for remediation of defective buildings.
- The industry group is calling for a pause to the policy’s introduction.
- Potential knock-on effects include reduced site viability and slower housing delivery.
Organisations:
Home Builders Federation, government
Regulations:
Building Safety Levy
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