§ 24. Lord Balnielasked the Minister of Housing and Local Government and Minister for Welsh Affairs what price is being asked by the Welwyn Garden City Development Corporation for the sale of Type 14, four-bedroomed houses.
§ Sir K. JosephThe price provisionally fixed for the nine Type 14 houses which are under construction is £4,700.
§ Lord BalnielIs my hon. Friend aware that the cost of these and other houses being offered for sale by the development corporation has risen by over 20 per cent in the last two years, during a time when building costs have risen by only 5 per cent.? Can he say whether this is part of the policy to control profit margins, part of the policy to stabilise the cost of living, or part of the policy to encourage home ownership?
§ Sir K. JosephNo. It is part of my right hon. Friend's policy of giving autonomy to new town corporations.