Property sales falling
Richard Carr is a commercial and residential development consultant who has a successful track record of achieving planning permission to help redevelop sites. His latest work has seen him achieve planning for apartments and homes in the Poole area of Dorset.
His opinion on the current state of the housing market is shared by Jeff Fairburn, the chief executive of house building firm Persimmon. Fairburn has blamed the looming general election for a delay in planning as his firm struggles to get sites open.
Planning appeals are on the increase
Speaking to the London Evening Standard, Fairburn criticised the planning system: “Running up to the election there will be political decisions made in local councils and the planning system means those local decisions can go against the officers’ recommendation, and you need to go through the appeal route.
“We are seeing an increase in those refusals and those appeal situations coming forward. As we run up to the election, you’ll see more of that happening.”
His comments come shortly after the Chartered Institute of Procurement & Supply’s latest construction survey, which showed the weakest growth in housing activity for a year. A greater caution amongst home buyers and delays to new projects are seen as the two main problems.
Expect a rise in 2015
In Richard Carr’s opinion the Labour party’s recent announcement of its ‘Mansion Tax’ policy and other plans have been just as damaging. In his opinion he believes that the market will settle when people understand which party will be in power and the policies that they introduce.
He believes that the potential in the market is huge and expects to see a big growth in the second half of 2015.
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