Planning permissions hit 8 year high
New figures published yesterday (8 March 2016) by the Department for Communities and Local Government, show that the number of planning permissions for homes rose 6% on a year earlier, as housing measures continue to turn the market around and build more homes for hard working families and first time buyers.
The number of major applications being processed swiftly by local authorities is also at an all-time high with a record 81% decided within the required time.
It means the number of planning permissions granted for homes in 2015 was the highest since 2007.
According to analysis of Glenigan data also published yesterday, permission was granted for 253,000 homes during 2015.
Government figures show that as well as rising numbers of planning permissions for homes, the number of permissions granted overall between October and December 2015 was 4% greater than a year earlier, with councils granting 92,000 decisions.
Planning Minister Brandon Lewis said: “We’ve brought the housing market back from the brink with more than 700,000 new homes delivered since 2010 and a further one million granted planning permission.
“Today’s figures are further good news for hard working families and first time buyers wanting to acheive their dream of home ownership with constructions rates up and plenty of homes in the pipeline”.
To see the report in full visit Gov.UK
You May Also Enjoy
Stop managing damp. Start managing risk
Biggest challenges facing agents is generating motivated buyer leads
Against all odds, recovery remains on track
Manchester tops decade of property price growth with London bottom
Second home hot-spots hit hardest by property slump
