A new study has found that widespread labour shortages and rising material costs are hitting UK developers hard.

The British Property Federation has called on the next government to refrain from radically rewriting the planning system in favour of improving existing policies.

High construction costs are continuing to hit housebuilding productivity, with the cost of materials climbing by an average of 33.2% versus the pre-pandemic landscape.

Meeting housing targets could create more than 123,000 football pitches of natural habitat over the next five years, according to new research.