With the UK voting to leave the European Union the debate has started on how cutting ties with the EU will affect differing industries. Richard Carr has been in the property market for over 30 years and has looked at the pros and cons.
Pros of leaving the EU
Reduction in red tape for builders
Increase in opportunities for UK workers
Reduction in regulation
No EU constraints
Cons of leaving the EU
Many construction workers are from the EU
Potential skills crisis
What affect will Brexit have upon the property market?
On the face of it, if the government can ensure that migrant workers are still able to work in the UK and they also provide extra funding to get British people into workforces then the industry willflourish.
In the final quarter of last year the number of planning permissions granted were up 13% on the same quarter 12 months earlier as developers tried to keep up with the country’s housing demand, writes property specialist Richard Carr.
House building is on the rise
In total, there were 255,032 initial planning permissions granted in England during 2015, up a staggering 57% from a low point of 162,204 in 2009, according to the latest pipeline report.
The Home Builders Federation’s (HBF) report found that the steady rise in applications has helped improve housing supply over the past two years as more of the permissions progress to the point that work can begin on building new dwellings.
Housing stock is rising in the UK as the construction industry continues to grow; over 180,000 new homes were added to housing stock in 2014/2015, which is up 22% on the previous year.
Property Developer Richard Carr recently spoke out in the Bournemouth Echo about the need to rethink the way that property taxes such as s106 payments and CIL are being implemented, an opinion which is now being shared by an independent panel.
Local authorities grip on Green Belt land is getting weaker and weaker by the minute as new research suggests that the number of homes being built on Green Belt land is set to soar over the coming years, writes property consultant Richard Carr.
Can anyone stop green belt development?
Green Belt development policy is slowly abating as the government responds to the growing housing crisis. An increasing number of loopholes in planning guidance are being found, whilst local councils find themselves under increasing pressure from the government to release Green Belt land for new development through an ‘exceptional circumstances’ clause.
The Planning Resource revealed earlier this week that the Local Government Association, which runs PAS, received a letter from Planning Minister Brandon Lewis explaining the changes to the funding. As a result, the DCLG has reduced its funding by 50%, which means that PAS will along receive £1m in government grants.
According to Planning Resource, the reduction is a knock-on effect of the substantial reduction the DCLG’s resource budget from 2016/17 onwards.
61% of MPs agreed that fees should increase, whilst 47% say they should increase but with stronger guarantees on planning performance. The feeling was supported by the country’s two main political parties. Labour MPs voted in favour by 65% and the Conservative’s by 61%.
In a survey conducted by the BPF and GL Hearn in 2015, 55% of local planning authorities cited under resourcing as a major challenge, whilst 65% of applicants said they would be happy to pay extra to reduced waiting times.
Land owners around train stations in the UK could be about to benefit from a massive development programme which the government hopes will deliver thousands of new homes, writes property developer Richard Carr.
The redeveloped Manchester Victoria Station
The government are aiming to build around 10,000 homes around rail stations and already three local authorities have come forward with ambitious proposals to revitalise town centres.
York, Taunton and Swindon councils have already drawn up proposals in a bid to spearhead the new initiative and have picked railway sites which they believe could be pooled to deliver housing. In total, the government wants to hear from at least 20 local authorities to take the scheme forward.
Developments of this type have already proven successful following the transformations of Birmingham New Street, Manchester Victoria and London Kings Cross. The government is committed to bringing together high calibre technical expertise and local knowledge to increase development opportunities.
The government is being called upon by MPs to carry out a detailed review of the current national planning policy before the end of this parliament, writes property developer Richard Carr.
Is it time for a National Planning Policy review?
Since the publication of the National Planning Policy Framework (NPPF) in 2012, there has been little review and now an all-party group of MPs has voiced their concerns that there has been “no robust, objective or evidence-based monitoring, evaluation or review.
Plans to build the capital’s first timber skyscraper took a step closer to reality earlier this month after researchers presented Mayor of London Boris Johnson with theoretical plans for an 80-storey building.
An architects image of the 80-storey building
Property developer Richard Carr is pleased to see the UK leading the way in new construction techniques, having felt that it had been left behind by the likes of China and Dubai.
Currently, Bergen, Norway is the home of the world’s largest tallest timber building, which is a 14-storey apartment block.
The plans shown to Boris Johnson are for an 80-storey, 300m high wooden building, which would easily take that title!
Researchers from Cambridge University have teamed up with a group of engineers and architects to develop the plans for the building, which would integrate with the Barbican.
The building certainly does push the boundaries of construction and if the plans are approved it would become the second tallest building in London after The Shard.