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

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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.

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Popular Help to Buy scheme scraped by the government

185,000 UK home owners had benefitted from government Help to Buy schemes, which will now be scrapped by the end of 2016, writes property developer Richard Carr.

Prices

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How will scrapping the Help to Buy scheme effect first time buyers?

Despite the schemes proving popular amongst first time buyers, the initiatives haven’t helped solve the country’s growing housing crisis, which the new government led by Theresa May are keen to do.

According to one estate agent emoov.co.uk, the average house prices across half of the country’s 326 districts will exceed the Help to Buy threshold by March next year.

As a result, Chancellor Philip Hammond confirmed that the scheme will close to new mortgages on 31st December 2016.

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Property supply on the up as more new homes enter the market

Despite the trials and tribulations that many developers and house builders face in the UK, supply in the country’s housing market reached its highest level since March this year, writes property developer Richard Carr.

Supply

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Property supply on the up – but will it continue?

The number of new homes available to buyers increased by 41% in August, which is the highest level experienced by estate agents since March 2016 when there was an average of 54 properties registered per branch.

This has resulted in there being an increase in the number of first time buyers with the National Association of Estate Agents (NAEA) reporting that the number of sales made to new property owners increased in August from 25% of total sales in July to 28%.

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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

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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.

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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.

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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.

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Changing the face of residential accommodation

City dwellers could be about to experience the next generation of residential development in the next year and it’s all thanks to Yo! Sushi!

Adaptable

Richard Carr Yo Homes

Innovation at its finest – the future of residential development

The Yo! Company which is widely recognised for its chain of sushi restaurants is venturing into residential development. There adaptable living apartments with moving surfaces and foldaway furniture is currently awaiting planning permission and if granted will potential change the face of city residential developments.

Simon Woodroffe, Yo! Company founder has teamed up with British firm Glenn Howells Architects to provide company, but high-quality accommodation for city dwellers.

Woodroffe’s residential revolution was first unveiled back in 2012 at the London Design Festival when he presented a space no bigger than a one-bedroom apartment that contained as many rooms as a two-bedroom house.

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New home build target must increase by 50%

The UK government has been warned that it must increase its home building target by 50% to 300,000 new homes each year if it’s going to solve the countries housing target.

Quality

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The UK needs to build more homes

Poole-based property developer Richard Carr is worried that the strain on home builders to increase their output could negatively affect the quality of homes.

According to a report published by the House of Lords Economic Affairs Committee, local authorities and housing associations should be freed by the government to build substantial numbers of homes for rent and sale.

The report has warned the government that if they fail to meet the 300,000 target then they will fail to meet the demands or moderate the rate of current house price increase.

Furthermore, the report criticises the government’s current policy which restricts local authorities’ access to funding to build more social housing by frequent changes to tax rules and subsidies for house purchase.

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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.

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New builds still a top priority for the government

The government’s housing minister Brandon Lewis and communities secretary Greg Clark has confirmed that building new homes in the UK is still a top priority for the government in the wake of Brexit.

Shortage

Richard Carr on new build homes

New build properties are still a priority for the government

The news came following a meeting with the Home Builders Federation, whose members account for around 80% of the new homes that are built in England and Wales.

Despite the uncertainty created by the UK’s decision to leave the European Union, the HBF reiterated their ambition to build a million more new homes under the current government.

The HBF pointed out a number of government backed schemes which is underpinning their ambition:

  • £20 billion housing package announced by the government in the Spending Review
  • Help to Buy
  • Shared ownership

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