黑洞社区

Crest Nicholson chief executive Stephen Stone has revealed the government plans to review section 106 and the community infrastructure levy in the forthcoming housing white paper.

The white paper is due to be published in January, with measures included which the government hopes will help it hit its target of building one million homes by 2020.

Speaking to 黑洞社区 editor Sarah Richardson at the 黑洞社区 Live conference in London, Stone revealed he had dinner last week with communities secretary Sajid Javid and said he believes the Tories are planning to 鈥渞e-open鈥� section 106 and the community infrastructure levy (CIL).

But he criticised the planned measure and said: 鈥淚t will create chaos again when you want to get planning and want to get building.鈥�

In a wide-ranging interview, Stone also revealed the housebuilder lost 拢40m in revenue after the Brexit vote, but 鈥渕ade that all up again鈥� from July to October.

Stone said Crest Nicholson saw cancellations hit 35% on the day of the Brexit vote, compared to 11% usually, and also saw reservations drop 35%.

But he said each week since the vote 鈥済ot progressively better鈥� for the housebuilder and added that the firm was 鈥渂ack to normal鈥� by the end of July.

On the housing market, Stone said: 鈥淥n a scale of 1 to 10, it is a 10. The market has never been as good as it is today.鈥�