Can blockchain fix the UK’s property market?

Blockchain technology underpins the much talked about Bitcoin – the leading cryptocurrency. If you’re not sure what blockchain is, then think of it as a permanent ledger used to record transactions. In addition to being user generated, it’s also tamper proof and therefore represents an unassailable record of proof. And its potential for use in the property sector are wide ranging. Continue reading

In which areas should new housing be prioritised?

The Housing and Finance Institute (HFI) has sparked a new debate into which areas in the UK new housing should be focused upon.

Investment

where-should-new-housing-be-prioritised

Where should new housing be prioritised?

Richard Carr, a Poole-based property developer, believes that investment into new housing should be spread fairly across towns, cities and counties in the UK. The Housing and Finance Institute believes more money should be given to councils in districts that are leading the way as they are currently under resourced.

According to the Institute, large cities in the UK receive higher amounts of investment, however they are responsible for only around 30% of new homes.

The HFI’s report found that around 70% of new homes and granted planning permissions are in the district and unitary councils, who are facing resource problems.

Continue reading

London Mayor launches scheme to help first time buyers

Mayor Sadiq Khan is building on his commitment to provide more affordable homes by launching a new tenancy scheme to help renters save money for their home deposit, writes property developer Richard Carr.

London Living Rent

ichard-carr-sadiq-khan-london-living-rent

Can the Mayor help improve the housing situation in London?

The London Mayor made making London more affordable to live in one of his commitments when he took over from Boris Johnson earlier this year. The early details of the London Living Rent outline proposals to help average earners in London save for a deposit by offering them a below market rent based a third of average household incomes in each borough.

Although the scheme is in its infancy, Khan has already began discussions with housing associations and boroughs to kick start the delivery of new homes.

On top of his tenancy scheme, the Mayor has also signalled his intention to protect London’s stock of social housing for those on low incomes.

Continue reading

Will the new Planning Bill speed up the delivery of new homes?

According to propertywire.com new measures in the UK’s updated Neighbourhood Planning Bill will support more house building and will give local councils more say over housing developments, writes Richard Carr.

Improvements

richard-carr-discusses-new-planning-bill

Will the new bill speed up the delivery of new housing?

New Housing and Planning Minister Gavin Barwell has promised that the new bill will speed up and strengthen the neighbourhood planning process by making it easier for plans to be revised if local circumstances change.

Barwell told propertywire.com: “We need to build more homes and this Bill is the first of a number of measures to deliver on that. We have already built more than 900,000 homes since 2010 and now this Bill will help speed up delivery of the further new homes our country needs and ensure our foot is still firmly on the pedal.

Continue reading

The country needs a stable planning system

The majority of property planners believe that a more stable planning system would provide greater certainty for developers and communities and help get the country building again.

Changes

According to recent research from the Royal Town Planning Institute (RTPI) an overwhelming majority of planners blame decades of planning changes for their ability to work effectively and deliver new homes.

The Delivering the Value of Planning report showed that a massive 73% of planners believe “constant changes” to planning rules have “hindered their ability to deliver good places”. Richard Carr, a property developer in the south of England, understands the problems and believes the government needs to loosen its grip on the system and make it easier for planners to deliver new developments.

Over half of respondents said that government policy changes had provided obstacles to the delivery of new homes, whilst almost 75% said that the profession had a reduced capacity to deliver.

Continue reading

Who is to blame for the UK’s housing crisis?

The finger has been pointed at many possible reasons, but who or what is responsible for the current state of the country’s housing shortage?

Planning

Richard Carr New Build Homes

Who is to blame for the housing shortage?

Poole-based property developer Richard Carr has worked in the industry for 30 years and has seen just about everything. He’s currently managing a number of high profile developments in the south of England including the £100m redevelopment of Salterns Marina in Poole.

New analysis produced by the London School of Economics has pointed the finger squarely at the government for the housing crisis, explaining that decades of planning policies that constrain the supply of houses and land and turn them into something like gold is to blame.

Continue reading

9 out of 10 new homes in Salford are being built on brownfield land

Salford, Greater Manchester, is leading the way in terms of brownfield development with a recent report from its council showing that 87.9% of new homes were built on brownfield land, writes property developer Richard Carr.

Regeneration

Richard Carr Middlewood Locks in Salford

Middlewood Locks in Salford

Richard Carr believes that councils and home builders should target brownfield land before looking at green belt land for developments. Building upon disused brownfield land can regenerate communities and bring life into areas that was suffering economically.

Salford City Council’s report covered the period between April 1 2015 and March 31 2016. The result is pleasing one for the council who have encouraged developers to use brownfield sites as far as possible.

Councillor Derek Antrobus told salfordonline.com: “Salford needs new homes and we need as many as possible to be built on brownfield sites. This not only eases pressure on green spaces but it means new homes are built closer to existing jobs, schools and shops.

Continue reading

Planning application approvals on the up in London

There has been more good news for the property market this week with new data showing that the number of planning application approvals for new homes in London has increased by 46% on last quarter, writes property developer Richard Carr.

Momentum

Richard Carr London Homes

Planning approvals on the rise in the capital

Richard Carr believes this rapid increase shows that there is plenty of confidence in the market at the moment with planners putting more applications in and authorities working quicker and more effectively to get them approved.

If the government are to have any chance of getting the country out of the current housing crisis this has to continue.

In the second quarter of 2016 some 6,310 new homes were approved out of a possible 8,280 applications, an approval rate of 76%, according to the London New Homes Monitor from estate agents Stirling Ackroyd.

Continue reading

Planning appeals delays have been addresses says Inspectorate

The Planning Inspectorate has openly admitted flaws within its agency and promises that appeal delays experienced by property developers such as Richard Carr have been sorted.

Shortcomings

Richard Carr Planning delayed

Have planning delays been resolved?

The new chief executive of the Planning Inspectorate (PINS) Sarah Richards has insisted that the problems faced by customers during the last financial year with the PINS appeals service were to be a thing of the past. According to Richards the agency is “well advanced” with its actions designed to resolve the problems.

Speaking in the agency’s recently published annual report, Richards admitted:  “in several areas of our planning appeals service, we fell well short of our targets, and in many cases, our customers experienced significant delays”.

The admission is a breath of fresh air to Richard Carr who having worked in the industry for 30 years has always felt that planning departments hide behind excuses. He sees Richards’ first actions as the new CEO a step in the right direction.

Continue reading

Is a new home building quality needed?

The government is being called upon by industry experts to improve the current new home building quality standard to put consumers first, writes property developer Richard Carr.

Recommendations

Richard Carr talks about a new home build quality

Is a new home building standard required?

Members of Parliament and a number of construction experts propose that the government sets up a New Homes Ombudsman to mediate in disputes between home buyers and builders.

The request forms a 10-part list of recommendations to improve the quality of workmanship in new homes and provide consumers with easier and cheaper forms of redress, should a problem arise.

The All Party Parliamentary Group for Excellence in the Built Environment (APPGEBE) believe UK house builders should be upping their game when it comes to developing new build properties. APPGEBE believe they should be putting consumers at the heart of their business model and that the government should use its power to promote high quality within the industry at every opportunity.

Continue reading