Government

Coronavirus & The Property Market

by Paul Addison on March 16, 2020 No comments

With the global economy showing indications such as the largest plunge in share prices since the 2008 financial crisis, and China’s economy threatening to contract for the first time in decades, how will the Coronavirus effect the property market?

Housebuilders thus far have been only been slightly affected, with small dips in their share prices.

The below leading housebuilders have been trading lower since mid-February, with their shares;

  • Berkeley & Vistry’s – no change,
  • Redrow – down over 1%,
  • Crest Nicholson – down 0.57%,
  • Barratt’s – down 0.03%.
  • Taylor Wimpey’s – up 0.24%.
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Paul AddisonCoronavirus & The Property Market

Illegal Barking Extension

by Paul Addison on February 5, 2020 No comments

Following the illegal extension to his property in Barking, without planning permission, a man has been fined £15,000.

Back in 2005, Laurence Hill applied for planning permission to build a first-floor rear extension to his property, which was refused by the council, and the Planning Inspectorate dismissed his subsequent appeal.

Despite this, 9 years later in 2014, planning enforcement officers discovered Hill had proceeded with the extension, and in February 2015, he was issued with an enforcement notice, stating the extension must be removed by June 2016.

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Paul AddisonIllegal Barking Extension

A Decline in Planning Application

by Paul Addison on January 21, 2020 No comments

A 4% decline in planning applications between July and September 2019 has been seen compared to the same quarter in 2018, with District-level planning authorities receiving 106,500 applications.

Of these 106,500 applications, the statistics released by the Ministry of Housing, Communities and Local Government (MHCLG) show that 90,600 decisions were granted, which is around 88%, with 87% of the larger applications being decided within 13 weeks, or the agreed time

According to the release, paralleled to the same quarter in 2018, 2019 saw district councils grant:

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Paul AddisonA Decline in Planning Application

Central London Plan Approved

by Paul Addison on January 9, 2020 No comments

In an attempt to distribute over 22,000 homes, City Plan 2019-2040, its development blueprint, has been granted approval by Westminster City Council.

The plan is designed and targeted to deliver:

  • Affordable homes, with 6/10 as intermediate housing.
  • The “right environment” for business success, with business floor space for 63,000 new jobs.
  • More open & green spaces.
  • 1,495 new homes every year for 10 years & over 22,000 up to 2040.
  • 1,850 new affordable homes by 2023.
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Paul AddisonCentral London Plan Approved

Dorset’s 600-Home Plan

by Paul Addison on October 14, 2019 No comments

Bournemouth, Christchurch and Poole Council have received a plan submission from land promotion specialists, Richborough Estates, encompassing 600 new homes, 40% of which will be affordable.

The 600 new dwellings, which will array from one-bed apartments to five-bed detached homes, as well as a 62-bed care home will be constructed on a 113-acre housing site between Wimborne and Poole.

It is incorporated in the plans that over 50% of the site will be made up of retained and improved green space, including;

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Paul AddisonDorset’s 600-Home Plan

Bristol’s Mixed-Use Plan Submitted

by Paul Addison on October 9, 2019 No comments

A mixed-use regeneration plan has been submitted to Bristol City Council.

The application, designed by AHMM’s Bristol team, would see the regeneration of the Silverthorne Lane site submitted by Feeder Estates LLP, (a partnership managed by Square Bay).

This segment is anticipated to deliver:

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Paul AddisonBristol’s Mixed-Use Plan Submitted

An Additional 50 Towns Anticipated to Receive Funds

by Paul Addison on September 25, 2019 No comments

50 more towns are set to profit from the £1 billion ‘Future High Streets Fund’, reveals Boris Johnson, taking the total number of towns to benefit from the fund to 100.

The funds could be used to:

  • turn empty retail units into homes and workplaces,
  • improve transport and access into town centres,
  • invest in vital infrastructure.
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Paul AddisonAn Additional 50 Towns Anticipated to Receive Funds

618 Dwelling Scheme Blocked

by Paul Addison on August 29, 2019 No comments

Proposals for a development consisting of up to 618 new homes, (40% affordable), has been voted against by members of Caerphilly County Borough Council’s planning committee.

Although this differed from the advice of officials, the vote was unanimous,

It is anticipated that once the committee has gathered to validate the refusal, and their reasons for doing so, developers PMG Ltd and Persimmon Homes will appeal the decision.

The controversial greenfield site, situated on the edge of the town, south-west of Lansbury Park and Mornington Meadows, has sparked thousands of objections.

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Paul Addison618 Dwelling Scheme Blocked

The Government’s Housing Goal Will Not Be Met

by Paul Addison on August 14, 2019 1 comment

It has been suggested that the government’s goal of delivering 300,000 homes per year will not be met using the current process for calculating housing need.

Presented in the National Planning Policy Framework (NPPF) last year, the planning consultancy Lichfields had evaluated how the ‘standard method’ would meet the governments targets, through calculating the minimum number of dwellings each council should plan for.

To achieve the goal of 300,000 homes a year, the government needs to deliver more than the minimum, as this will deliver only 273,000 homes.

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Paul AddisonThe Government’s Housing Goal Will Not Be Met

Wildlife Is to Be Better Protected by Developers

by Paul Addison on August 9, 2019 No comments

Developers have been informed by James Brokenshire, the Housing Secretary, that they need to be doing more to protect the British wildlife.

Using systems like hedgehog highways, hollow swift bricks, and creating drainage areas to create wetlands for bird and amphibians, the government has set out new guidelines explaining how developers should be protecting certain British species.

Developers should be taking into consideration the long-term impact their developments will have on ecosystems, both throughout and post construction, says the government.

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Paul AddisonWildlife Is to Be Better Protected by Developers