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;
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:
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.