Sunday, July 10, 2011
Allowing conversions of commercial property to residential use without need of planning permission
"If the proposal to be able to convert without planning permission goes through, we should see the number of conversions rise, putting upward pressure on commercial property prices and downward pressure on residential prices. Meanwhile, the money spent in doing the conversions would boost activity in the construction sector. There is a snag, though. The Government's proposal does not apply to retail property...."