Councils cut back on new homes targets since planning reforms, claim

Thursday 3rd January 2013

Councils are planning for 272,720 fewer new homes since the abolition of regional planning, says a report.

Local authorities across England have radically reduced their housing targets, according to the Policy Exchange study.

This has contributed to a situation where the Coalition Government could preside over the lowest level of housebuilding since the 1920s, it claims.

Rather than fighting councils, the Government should now work with them to ensure that they deliver the homes their targets propose, argues the document. (more…)

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Large new schemes running out of money, warning

Thursday 3rd January 2013

Funding for development projects in London is drying up, with large schemes running out of money, experts have warned.

While the £14.8bn Crossrail scheme remains on track, concerns are mounting that developers may not be able to reap the benefits of the long-awaited project because of a lack of funding.

Crossrail chairman Terry Morgan, who was speaking at a property seminar hosted by national audit, tax and advisory firm Crowe Clark Whitehill, also said that other infrastructure projects could fail to get off the ground.

The Crossrail scheme is Europe’s largest infrastructure project. Due for completion by the end of 2018, the service will connect some of London’s major transport hubs with business centres across the capital, including Heathrow Airport and Canary Wharf, as well as opening up new links for commuters. (more…)

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House price optimism increases for 2013

Wednesday 2nd January 2013

More people expect house prices to rise than fall over the coming 12 months, according to the latest Halifax Housing Market Confidence tracker.

Nearly four in ten (38%) respondents predict the average UK house price will rise over the next year, whilst less than a fifth of respondents (18%) forecast a decline in prices. (more…)

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