De­vel­oper levy re­view wel­comed

Yorkshire Post - Property - - PROPERTY NEWS -

LEVY: A re­view of sec­tion 106 agree­ments and com­mu­nity in­fra­struc­ture levies aimed at forc­ing de­vel­op­ers to pay for com­mu­nity ben­e­fit schemes or in­clude af­ford­able hous­ing in their plans has been wel­comed by Knight Frank.

The re­view is ex­pected to take place next year. Justin Gaze, Knight Frank’s joint head of res­i­den­tial de­vel­op­ment, says: “A re­view of the Com­mu­nity In­fra­struc­ture Levy is wel­come, as this sys­tem has be­come a bur­den on de­vel­op­ment, in­stead of stream­lin­ing pay­ment for in­fra­struc­ture as it was in­tended.”

He added that the cost of plan­ning was also an is­sue.

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