It is looking like the values of residential development sites could increase dramatically if they benefit from planning permission. There is fear amongst many in the house building industry that plans from both the conservative and labor governments could reduce the number of suitable building plots that are going through the planning system.
Many believe there are simply too many different groups and guidelines affecting the UK planning policy guidance notes. There seems to be a new spanner thrown in the works every few weeks, with many of the UK?s largest house builders and developers joining forces to oppose further complexities to the planning permissions systems.
With the property market showing some signs of recovery, house builders and property developers would usual have a high level of positivity. The challenges facing the property sector is the drought in speculative development funding and mezzanine funding. With the few property developers who are enjoying fluid funds deeply entrenched in various planning applications.
Cash for land with planning permission
January 19, 2010
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