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House Building Costs

Volume 887: debated on Tuesday 25 February 1975

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asked the Secretary of State for the Environment whether, in view of the estimate by the Federation of Master Builders that prospective increases in the cost of materials and labour will raise the cost of a new house selling at £10,000 to £12,000 in six months' time, he will make a statement on this trend and in particular whether he expects an increase of this magnitude to occur in the eastern counties, and in the general area of Bury St. Edmunds, Newmarket and Haverhill.

A wide variety of factors affect house prices and it would be inappropriate for me to give a forecast, particularly for individual areas.