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.
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.
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%.
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.
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.
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.
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.
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!
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.
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.
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.
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.