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Published 10 February 2017
What was expected to be a genuine shake-up of the planning system, has turned out be something far less radical and has left many in the industry rather underwhelmed. One can't help but feel that the delay over its publication was time spent watering-down what could otherwise have been far more radical changes.
It certainly isn't the all-out assault on the volume house-builders many had expected given the rhetoric around 'land-banking' – share prices have already breathed a sigh of relief. That said, the White Paper is certainly wide-reaching and praise-worthy for its attempts to identify what is broken within the planning system and the housing market and what can be done to take on, if not fix, the problems.
Significant further consultation on amendments to the National Planning Policy Framework and new legislation will be required before most of the proposals will gain any real traction in the market.
We see the following as the key points to take away from the White Paper:
To download the full list of key points click here. If you have any queries please get in touch with Christopher Stanwell or Andrew Morgan.
London - Walbrook
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