- The majority of respondents believe that the Government isn’t doing enough to support the delivery of new housing
- Planning is the biggest issue affecting the delivery of new housing, with availability of land and nimbyism cited as specific areas of concern
- House prices are expected to decrease in London over the next 12 months, whereas in the South East it is anticipated that they will continue to rise. Elsewhere prices are expected to remain static.
- PRS build to rent schemes are making an increasingly significant impact on the availability of housing stock in the UK and the growth of this investor asset class is hampered only by the current planning system
- Most respondents believed that the Northern Powerhouse initiative was a force for good, potentially bringing access to funding, investment in transport infrastructure and devolved planning powers, though a quarter said it would have absolutely no effect on housing delivery
Daniel Bolton, associate director and residential specialist at LSH, said: “The housing industry is working hard to deliver the homes this country so badly needs, but the level of bureaucracy and local opposition involved is stifling progress.”
REGISTER FOR UPDATES
Get the latest insight, event invites and commercial properties by email