Builders Warn: Brownfield Homes Insufficient

Depoliticising planning and offering more help for first-time buyers would speed up housebuilding according to SME developers’ comments in a recent study. More than 90 per cent of the 303 respondents cited planning permission delays as a major growth barrier in the Homebuilders Federation’s fourth annual  State of Play survey. SMEs would like to see local councils’ planning committees replaced by an independent body of trained planning experts with residents’ input at the local plan state. Homebuilders Federation executive chairman [...]

Housing Crunch: Population Surge to Spike Costs

More young people look set to live with their parents as buying a home becomes increasingly expensive, the government’s housing accelerator Homes England has warned. Office of National Statistics has revealed the cost of a home is rising quicker than earnings with affordability ratios increasing from 4.92 in 2002 to 8.28 in 2022. “Many young people cannot afford to buy homes in their local communities where they have grown-up, due to worsening affordability,” Homes England said in its latest factsheet [...]

Planning delays pose the biggest threat to SME housing delivery

More than half of SME builders reported the planning system as their biggest barrier to delivering new homes, according to the Federation of Master Builders, FMB, annual survey. Respondents cited ‘inadequate resourcing’ of planning departments as the main reason for delays in applications followed by poor communication. FMB chief executive Brian Berry said: “For small builders, the survey is clear that the system is too complex and costly. Communication from local planning authorities is also poor. Without changing this, planning [...]

Capital Office Starts Hit Record

Deloitte’s latest London office crane survey sees the highest volume of new offices being built since 2005 the study was extended to cover seven central London areas. Currently, 124 schemes are under construction totalling more than 15m square feet in volume in the West End, Midtown, Southbank, Docklands, Kings Cross and Paddington with The City leading the way. Deloitte real assets advisory director Sophie Allan said: “New builds have roared back from their post-pandemic nadir, which has likely been driven [...]

Hefty planning fee rise with no promise to improve services

The building industry has hit out at planning fee hikes of 35 per cent for developments of more than ten homes and 20 per cent for other applications with no guarantees services will improve. The last price rise was in 2018 when councils were allowed to increase fees by up to 20 per cent if they agreed to invest the money in their planning departments. There are no such conditions for the new price hikes which go live on the [...]

By |2024-07-02T10:30:35+00:00November 15, 2023|Uncategorized, Advice, Auctions, Blog, Business, Buying Property, News|0 Comments

Young Londoners Call for Green Belt Reform

Two-thirds of younger Londoners support green belt reform to help solve the capital’s housing crisis and enable them to buy their first home, according to research.  Pocket Living, which builds affordable homes for first-time buyers, surveyed 1,000 Londoners aged between 25 and 45 and found more than three quarters, 78 per cent, felt the government was not doing enough to create reasonably-priced homes.  Chief executive Marc Vlessing said: “Our findings suggest a staggering two in three non-homeowning Londoners believe they [...]

Government has full house for developers’ remediation contract

An updated list published this week shows all 51 developers have now signed up to the government’s building safety remediation contract.  Four developers who had signed up have been found to be outside the scope which covers properties of 11 metres or higher built in England over the last 30 years.  A spokesperson from the department for levelling up, housing and communities said: “It’s good news. We are glad that all the developers we have approached have now signed.”  The [...]

SMEs should be harnessed to help build 1.5m new homes

Smaller housebuilders must be part of the push to build 1.5m new homes over the next five years if Labour is elected, says the construction industry. Labour leader Sir Kier Starmer told party conference delegates they would ‘bulldoze’ the planning system and harness development corporations to build new towns across England. “There is one barrier so big, so imposing that it blocks out all light from the other side. “A blockage that stops this country building roads, grid connections, laboratories, [...]

SME housebuilders win reprieve on biodiversity rules

Smaller housebuilders are hoping the government’s decision to delay biodiversity net gain, BNG, rules until next year will lead to more practical requirements. Although the housebuilding industry has supported the concept of a ten per cent BNG, on or off-site, they were worried the new rules would put SMEs out of business. National Federation of Builders, NFB, chief executive Richard Beresford said: “We have worked incredibly hard on strategies to ensure BNG can work in practice and the announced delay [...]

Housebuilders challenge on heat pumps still stands

Despite the prime minister Rishi Sunak’s plans to water down net zero targets on gas boilers the goal to fit all new homes with heat pumps by 2025 still stands. Industry experts worry there are insufficient qualified installers to scale up from fitting 60,000 heat pumps last year to an estimated 250,000 a year by 2025. Currently, there are about 3,000 qualified installers but innovation foundation Nesta has calculated the country will need 27,000 by 2028 to hit current government [...]

By |2024-07-03T05:43:40+00:00September 20, 2023|News, Advice, Auctions, Blog, Business, Finance News, Planning News, Projects|0 Comments

River pollution rules changed to unlock building of 100,000 homes

Housebuilders have hailed the government’s decision to shift the burden of river nutrient neutrality to the water companies as a step in the right direction. The Government is to double investment in Natural England’s nutrient mitigation scheme to £280m to offset the nutrient discharge of building up to 100,000 new homes between now and 2030. It will also amend the levelling up and regeneration bill requiring water companies to upgrade their treatment works by 2030 in areas of ‘nutrient neutrality’. [...]

Large construction firms slice 15 days off average payment times

Major building contractors have improved their average payment times from 45 to 30 days after receipt of invoice, according to Build UK data. They are also paying 95 per cent of invoices within 60 days, which is a key target for government contracts. And 83 per cent are paying invoices within agreed terms compared with 63 per cent in 2018. Build UK deputy chief executive Jo Fautley said: “Since Build UK first began benchmarking payment performance five years ago, the [...]