Hous­ing short­age s sits dry up

Yorkshire Post - Property - - PROPERTY -

NEW re­search from Sav­ills shows a grow­ing de­vel­op­ment short­fall for hous­ing.

The Sav­ills De­vel­op­ment Land In­dex an­tic­i­pates that Eng­land will be short of 1.1 mil­lion homes by 2016 if more sites don’t be­come avail­able for build­ing.

The short­age of de­vel­opable land is due to low lev­els of plan­ning con­sents. These are now be­ing granted at lit­tle more than half the lev­els seen in 2006 and 2007.

Across the UK, the Sav­ills in­dex shows that green­field build­ing land val­ues in­creased by 2.1 per cent and ur­ban land val­ues by 2.2 per cent in the first three months of 2011, bring­ing an­nual growth to 7.7 per cent and 6.7 per cent re­spec­tively.

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