This week, Managing Partner and real estate expert Richard Spector looks at news that the Government might impose changes that would majorly disrupt the residential development sector.
On Sunday, the Housing Secretary Sajid Javid backed plans to create “a new generation of town houses” in urban cityscapes such as London and Manchester.
Under the proposals, developers would find it easier to access planning permission to build upwards on existing blocks of flats and houses, as well as shops and offices, providing it was in keeping with the roofline of other buildings in the area.
The general premise of the plan is to protect valuable open space in inner-city areas. Mr Javid said the changes would maintain the character of residential areas, safeguard people’s privacy, and stop “unwanted garden grabbing”.
Listed building and conservation areas will also be protected, he added.
“The answer to building new homes isn’t always an empty plot, or developing on a derelict site,” said the Housing Secretary.
“We need to be more creative and make more effective use of the space we already have available.
“That’s why we are looking to strengthen planning rules to encourage developers to be more innovative and look at opportunities to build upwards where possible when delivering the homes the country needs.”
The plans form part of the Government’s housing white paper, found here.
Richard Spector said: “The Government has followed through with promises to ‘build up not out’, although if this statement is to be taken literally we must first see action.”
About Richard Spector: Managing Partner Richard specialises in property transactions and commercial litigation. Richard has acted in a number of high-profile cases and was heavily involved in the litigation that arose from the collapse of Lehman Brothers. Richard has been involved in a number of cross-border litigation cases and recently acted successfully for the Claimants in Harlequin Property (SVG) Ltd & Anr v Wilkins Kennedy, listed in the Lawyer’s top 20 cases of 2016.
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