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Housing Developers Store Up Land Ahead Of Planning Reforms

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http://www.telegraph.co.uk/property/propertynews/8726999/Housing-developers-store-up-land-ahead-of-planning-reforms.html

The new rules require councils to have local plans for building in their area and if applications fit with these they will be granted permission.

Local authorities with no plans or outdated plans could also be forced to grant permission to applications.

This would be excellent news if such plans were exhaustive. I fear councils would simply file 1-page plan with plethora of Annexes/Attachments which are yet to be detalised, just to meet the deadline.

Time will tell.

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Taylor Wimpey bought nearly 5,000 more plots for its strategic land bank in 2010 compared with 2009.

In 2008 they were talking of selling landbanks. A lot of the debt and pressure seems to have disappeared so quickly. QE?

Looking at the Taylor Wimpey 2010 Full Year Results and their planned UK strategy I wasn't sure what they meant by not 'feeding the machine'.

Did a search on that term and found this Telegraph interview from earlier this month with the 40 year old boss of Taylor Wimpey. He's not expecting any crash, admits during the boom they thought it was 'different this time', and now even worries the market will take off too strongly forcing up price of land. Mortgage market key. Government help and incrementally get better.

"At the peak we were building 20,000 homes a year – we don't want to get back to those levels. We're at 10,000 now and if we look at where we want to be then it's a range of 12,000 to 14,000. But we're not in any rush. We want to get the margins right and see as we buy the land that volumes naturally come up as the market recovers."

http://www.telegraph...orror-show.html

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I posted a thread about this last week but no fecker bothered posting to it.

I pointed out that in the 1980s the Tories allowed building on green belt land and lots of people made lots of money from this.

In Swansea at the moment virtually every forest, open green, any bit of unbuilt land has a planning notice requiring interest from parties who might be interested in developing the land. I am told that developers are looking to buy up land as they assume that the Tories will do what they did in the 1980s.

In my thread of last week I enquired if anyone had any views on the value of shares for UK builders such as BDEV and TW if the Tories give the green light, no pun, to green belt building?

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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