Plans for London’s largest residential regeneration approved

Mayor of London Sadiq Khan has given the green light to plans for the single largest regeneration development site in the capital.

Brownfield

richard-carr-new-homes-in-barking

How the new scheme will look fully developed

The 10,000 new homes plan on a 180 hectare brownfield site in Barking will deliver approximately 5,000 affordable properties.

The affordable homes, located on the northern banks of the River Thames, will be available to rent and buy for first time buyers.

Khan is keen to offer more affordable homes in the capital and has agreed a scheme that includes a minimum of 35% affordable from the outset, but with provisions to raise this to 50% over time through additional investment and viability reviews.

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Will the new Planning Bill speed up the delivery of new homes?

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.

Improvements

richard-carr-discusses-new-planning-bill

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.

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UK house building output continues to rise

Developers and the construction industry are continuing to do their upmost to lift the country from the housing crisis with the latest figures revealing that new house building increased in July, up 5.6% on the previous year.

Orders

Richard Carr Uk House Builders

Output is increasing

The amount of orders being placed for new homes increased by a massive 25% between the first and second quarter of 2016, which is the highest increase since 1967 when growth rose to 44.1%.

A major factor in the increase was the amount of new orders being received in the second quarter of the year for private new houses, which increased by 28.2% to a level of £3.5billion. That level is the highest second quarter for nine years when, back in 2007, it was £3.6billion.

Once again, the quarter on quarter increase highlights that the gloomy Brexit predictions are yet to be realised.

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Strong Fundamentals to Support UK Property Growth

Previous research shows that despite Brexit, the UK’s housing market remained strong in June 2016. A new study from CBRE, a leading commercial property adviser, indicates that sturdy economic fundamentals will support British house price growth throughout 2016.

Encouraging price growth

Property Wire writes that CBRE sees current British house value growth of 5.1% as encouraging. The commercial property adviser added that UK residential property prices should expand by an average of 3% in 2016. In the second quarter of 2016, house price growth was strongest in the Outer Metropolitan area (12.4%) and London (9.9%), but weakest in the North (1%), year-on-year.

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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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Who is to blame for the UK’s housing crisis?

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?

Planning

Richard Carr New Build Homes

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.

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9 out of 10 new homes in Salford are being built on brownfield land

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.

Regeneration

Richard Carr Middlewood Locks in Salford

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.

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Could the private and public sector team up to improve the UK’s housing market?

The Royal Institute of British Architects (RIBS) believes that the private and public sector could work in harmony to improve the current situation of the country’s housing sector.

Quality

Richard Carr new housing developments

Private & Public sector – a winning partnership?

RIBS believes that housing policy along isn’t enough to solve the UK’s problem as the demand for homes continues to outstrip the supply. They believe that as one the private and public sector can promote, enable and finance new homes and improve the final quality.

Along with the crippling shortage of homes, homebuilders have come under pressure for the standard to which new homes are being produced.

RIBS’ report said that high quality design needs to be at the heart of the solution: “Without it, we’ll be solving one problem by storing up further challenges for the future,” they said.

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Could Community Infrastructure Levy be paid directly to residents?

New PM Theresa May is believed to be considering paying Community Infrastructure Levy (CIL) directly to local residents in a bid to gain support for new developments, writes property developer Richard Carr.

Shale Gas

Richard Carr CIL

Is CIL damaging house building?

The news comes after she announced proposals for cash from a scheme to share the proceeds of shale gas revenues to be handed straight to households.

The move is a step away from the first announcement in last year’s Autumn Statement when it was understood that shale revenues would go to community trusts and local authorities.

But Number 10 said that the new government has “changed the consultation to ensure a greater focus on control for local communities – including insisting on proposals to transfer funds directly to households rather than local authorities”.

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