New research from the Town and Country Planning Association into the housing crisis facing England has revealed that 312,000 homes a year are needed over the next five years to keep pace with demand. Find out why in this post.
A summary of the research in the International Business Times explains that this level of home building is necessary to make up for the shortfall in delivery since 2011. In the longer term, 220,000 homes will need to be constructed every year until 2031 based on current population forecasts. This compares with the 131,060 new homes completed in the 12 months to June 2015.
Even if these levels of home building were achieved, those aged 25 to 34 will be less likely to own their own home in 2031 than their counterparts in 2011 – when rates of home ownership amongst young people were already 40% lower than in 1991. This suggests the actual figure could be even higher than the TCPA estimate
The TCPA, who champion the Garden City design concept as the best way to deliver sustainable development, attempts to balance the views of the development industry, social justice campaigners and the environmental movement. It is far from being a development industry mouthpiece, which makes their findings all the more significant.
With this context, the time has never been better to promote sites for residential development. The Strategic Land Group specialise in securing planning permission for new homes on both greenfield and brownfield sites, resolving any technical issues and selling the sites on to residential developers for a premium. This is done entirely at our cost and our risk – we don’t make a profit unless we deliver. If you own, or know of, a site which you think might be suitable for this approach, please get in touch. We would be delighted to hear from you.
Find out how we can help