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Planning applications in England fall by up to 50%

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  • Planning applications in England fall by up to 50%

    The Planning Officers’ Society has made a national snapshot of the impact of the economic downturn with regard to the number of planning applications received by local authorities. The survey, which covers new housing, commercial buildings and domestic planning applications such as extensions, shows that some local authorities have seen new planning applications fall by between [...]

    More: Planning applications in England fall by up to 50%

  • #2
    In the current climate many large developers whom have options on 'land banks' will probably try to push back any planning applications as long as possible as the profit margins on these developments will now be much tighter.

    Its also important to not that, just as the market has shrunk for residential mortgages, builders will be finding it more difficult and expensive to obtain development finance.
    Worldwide Financial Planning is a specialist independent provider of Large mortgages.