Friday, 7 November 2014

Self Build Properties Fall to Six Year Low

New figures reveal that UK-wide self build planning applications in 2014 have decreased by 28% compared to 2008. Data show that 16,792 self build planning applications were submitted in the first three quarters of 2008, which has steadily declined year on year to 12,159 in 2014. As part of the Government's on-going policy to increase the number of available homes, new measures were announced in the 2014 Budget to increase the amount of self build projects. These include a £150 million loan fund to help bring forward thousands of 'shovel ready' building plots and a proposed 'right to build' policy, giving custom builders the right to a suitable plot of land for self build housing, which is currently being pioneered in 11 areas across the country. Read more on the PR Newswire website.

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