govt data – Mortgage Finance Gazette govt data – Mortgage Finance Gazette

govt data – Mortgage Finance Gazette

Between January to March 2024, district degree planning authorities in England obtained 85,800 purposes for planning permission, down 11% from the identical quarter a 12 months earlier.

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This is based on newest figures from the Department for Levelling Up, Housing & Communities.

The authorities data additionally reveals that 67,400 selections have been granted, down 10% from the identical quarter a 12 months earlier; that is equal to 85% of choices, down 1 proportion level from the identical quarter a 12 months earlier;

English councils granted 7,800 residential purposes, down 7% from the identical quarter a 12 months earlier; and granted 1,600 purposes for industrial developments, down 4% from the identical quarter a 12 months earlier.

Councils throughout the nation determined 39,800 householder growth purposes, down 15% from the identical quarter a 12 months earlier. This accounted for 50% of all selections, down from 53% a 12 months earlier.

Saffron Building Society nationwide account supervisor Phil Lawford  mentioned the federal government data confirmed it had change into too troublesome to fulfill constructing targets in Britain.

“With the election only a month away, it could be nice to see the subsequent authorities tackle this situation, and put a long-term plan in place not solely to fulfill the housebuilding targets which have been persistently missed in recent times, but in addition to fulfill the rising demand for inexperienced housing.

“Supporting self- and custom-build initiatives gives one other solution to enhance purposes. Around 13,000 people within the UK embark on constructing their very own properties yearly, a determine that rivals a number of the largest nationwide housebuilders however remains to be far behind the degrees of our European counterparts.”

He added: By rising assist for these initiatives, we might help extra folks realise their dream of proudly owning a house and assist meet authorities housebuilding targets.”