• The key annual Conference for the London Resi Market returns on 6th March....
  • Join hundreds of delegates from both Private & Public Sectors at the Affordable Housing Conference on 19th March....
  • The Market Leaders in Student Housing from across the Uk, Europe & Globally gather in London on 14th May

Events Diary

Student Housing 2019

Tuesday 14th May 2019

Resi Development & Site Finding 2019

Tuesday 21st May 2019

latest news

Trends and opportunities in UK student housing development

The provision of student housing in the UK is currently the highest in Europe, with 27% of all students able to be accommodated. Despite higher levels of supply, the UK market is still a lucrative one for investors. We’re looking at where the current opportunities are for investment, the trends affecting demand and how external factors could influence the sector.

Regional property trends 2019

It’s an interesting time for the UK property market. Despite political and economic uncertainty leaving mainstream buyers waiting to see how the year pans out, reluctant to buy or sell unless they have little choice, it’s not all as doom and gloom as some would have us believe. We’ve examined some of the key regional property trends for 2019.

How is residential development changing in London?

After a peak in mid-2017, the London Residential property market is facing strain as low affordability and falling house prices contribute to a slow decline. A recent sales report by Molior London found that, removing Build to Rent figures from the picture, the London new homes market sold fewer units in the inner-city area in 2018 than every year since 2012. With these statistics in mind, we’re taking a look at how residential development in London continues to change.

Housing White Paper Part 1: what we know and what we predict

Speculation over the UK’s long-awaited housing white paper is mounting, and hopes for quick answers are dwindling, as key industry figures expect the date to be pushed back to the end of January or through into February. There are, however, many talking points on the table that we already know will happen, or that we can safely bet on - the first of which is that there will probably be another delay...here’s what else we know.

 housing_whitepaper.jpg

  • Deutsche Bank has already expressed the opinion that the Department for Communities and Local Government (DCLG) needs to be adventurous in its use of the Green Belt to meet growing demand in the residential sector.
  • Some contention has already arisen, with claims that Sajid Javid, Secretary of State for Communities and Local Government, has faced opposition to reforms from the planning system due to fears of a ‘Middle England’ backlash. His stance that housebuilding figures are “nowhere near good enough” may be true, but officials are claiming that Tory MPs, and homeowners in ‘leafy home counties’ are hostile to swathes of new developments being built in their backyards.
  • A good example of this long-standing ‘Not In My Back Yard (NIMBY) syndrome that is currently obstructing plans set out by Sajid Javid and Business Secretary Greg Clark is the recent threat put forward by Andrew Mitchell, the party’s former chief whip, who stated that he would use “all legal means” to block the government’s decision to build more than 6,000 homes on greenbelt land in the West Midlands.
  • However, green belt campaigners fear that protections will weaken in order to meet housebuilding targets. Some 360,000 homes are already in the pipeline - a steep rise from the 81,000 planned in 2012.
  • Until housing plans become clearer, developers and investors will continue to hold back activity. With house prices predicted to slow in 2017 - RICS has predicted that growth will half to 3% this year - investor confidence is suffering ahead of EU negotiations.
  • The government has already vowed to build one million homes by 2020. In order to meet this ambitious pledge, key changes to the UK planning system and Starter Homes policy are expected.
  • One wishlist, published by The Planner, has urged the government to do more to ensure that every local planning authority has produced a local plan - around 60% of areas lack a National Planning Policy Framework. This will reduce ‘planning by appeal’ financial waste, and develop a blueprint of the UK’s most sustainable land sites for development.
  • There are concerns that without reform in the rental and social housing sector, current proposals would not meet affordable housing needs. One consideration suggested is to pool Section 106 contributions across local authorities to develop a sustainable affordable homes fund.
  • There are twice as many planning permissions as there are actual completions because it doesn’t make financial sense for developers to build many homes too quickly. Cash-strapped local councils should receive better support to find organisations who are willing to build the affordable homes we need in the right areas.
  • Reforming the delivery of UK housing is needed to tackle decades of underwhelming new build completions. Organisations like Shelter hope that more SMEs and self-builders will benefit from the white paper to create the much-needed competition that was promised in the 1980’s when reliance upon the private construction sector grew sharply.
  • The housing white paper presents a perfect opportunity to outline a recent shift to a multi-tenure approach, in which Build-to-Rent will feature strongly. It will be the first true opportunity to discuss policy direction and what it means in practice for developers, investors and homeowners.

The DCLG has taken a decisive position on the delivery of housing in the UK. The publication of the white paper will bring about a marked change in the UK, and set a new course for housebuilding in the years to come. Part 2, will analyse the realities after publication, and industry opportunities that could arise this year as a result.

ld_conference.jpg

Gain a competitive advantage

The hugely popular National Housing Delivery Conference returns for its 11th year on 21st March.

The event looks at the roles and opportunities for all players in the market, including investors, developers, local authorities, housing associations and their related advisers, whilst networking with the leading professionals in housing from across the UK.

This event is likely to sell out again so please book early to guarantee your place.

 

 

Posted: 20/01/2017
Read more news articles