House Building – Are We Getting There?
Apparently there may still remain over 550,000 plots of land where permission to build had been granted but on which there had been little or no development work.
Not a new story but still disconcerting if "rolling forward" planning permissions was being stopped and the Local Government Association is demanding powers to compel builders to develop the permitted developments.
Does access to money remain tight? Are developers building more slowly, so as to fund progressive work stages?
Apparently the time taken to develop permitted plots to practical completion has gone from an average of 20 months in 2011 to 32 months in 2016. Are planning permissions falling foul of a larger number of challenges so slowing delivery of a completed build?
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