This week's Budget is expected to contain measures to cut through planning red tape to make it easier for empty office blocks to be converted into homes. With commercial vacancies running at 7% to 9%, Communities Secretary Eric Pickles believes that 250,000 new homes could be delivered by converting all the long-term office space currently on the market. The Government will propose scrapping the requirement for planning approval to convert a commercial property for residential use, potentially saving almost £140 million in bureaucratic costs over the next 10 years. Read more on 24dash.
No comments:
Post a Comment