Land Banking: Fact or Fiction?
There is no escaping the fact that in this country we have a disparity in the number of planning permissions implemented compared to the number of permissions granted. Research from the housing charity, Shelter, suggested that less than 45% of all permissions granted between 2006 – 2014 were â€˜built-outâ€™ and that this was withholding access to nearly a million potential plots. In a political climate focussed on getting Britain building much of the blame for this has landed at the developerâ€™s doorstep with Housing Secretary Sajid Javid promising a more â€˜muscularâ€™ approach from the Government towards housebuilders. Is this focus on developers fair and what responses might we see as an attempt to stop â€˜land bankingâ€™?
Government: we are ‘in the business of building houses’ – (great) news for housebuilders?
Prime Minister Theresa May has today announced at the Conservative party conference that the government will commit a further Â£2bn towards affordable housing as part of her â€˜personal missionâ€™ to fix Britainâ€™s â€˜broken housing marketâ€™.