The start of a new year is always a good time for property investors to take stock and decide where their portfolio should go in 2018.
Living habits are changing, as are tenant preferences. These, along with increased government pressure for landlords to be much more professional, all combine to influence the UK’s buy-to-let sale over the next year. Continue reading →
Successful property design is about far more than just thinking about ROI (return on investment). No matter how stunning a building looks from the outside, it must also fit in with the local environment and complement its surrounding natural beauty. Continue reading →
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 →
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.
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
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.
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.
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.
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.
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.
TheDelivering 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.
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?
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.
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.
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.