Planning Permissions For New Homes Are Being Granted In The Wrong Areas

Planning permissions granted for new homes are being concentrated in the wrong areas, where there is less need for housing, according to new research by Savills. It found that there is a lack of 90,000 planning consents for homes in the least affordable and most in-demand areas of the country. Only 20pc of planning consents in 2016 were in the most unaffordable places, where the lowest priced homes are at least 11.4 times income. However, 40pc of the country’s total need for new homes is in these markets, while there is a surplus of consents in the most affordable locations. Read more on the Savills website.