Planning permissions for new homes on the rise

5 considerations when investing money in the property market
March 22, 2016

Planning permissions for new homes on the rise

The details provided by the Department of Communities and Local Government has revealed that in the UK the number of planning permissions for homes rose by 6% in 2015 and it has reached the highest level since 8 years ago (2007). In addition, the enquiries, which are currently being rapidly processed by local authorities, have also reached record levels with 81% being decided within the allocated. Furthermore, in accordance with the analysis of Glenigan data (a provider of construction leads and industry analysis) published at the same time, authorisation was allowed for 253,000 homes during 2015. This is clear proof of the strength of the property market currently within the UK.

The details offered by the Government reveal that in addition to the increasing number of building permissions for homes, the number of authorisations granted complete between October and December 2015 was 4% higher than the previous year, with councils granting 92,000 decisions.

Brandon Lewis, Planning Minister, stated: ‘We’ve brought the housing market back from the brink with more than 700,000 new homes delivered since 2010 and a further one million granted planning permission. These figures are further good news for hard working families and first time buyers wanting to achieve their dream of home ownership with constructions rates up and plenty of homes in the pipeline.’

According to Lewis, thanks to the reformed planning system and National Planning Policy Framework, the process for obtaining building permission has been simplified: the 1,000 pages of guidance have been reduced to approximately 50.

The government is currently proceeding with its memorable Housing and Planning Bill, which will help achieve its ambitious goal to build a million more homes.