Thursday, 24 November 2016

Boom In Office-To-Home Conversions Drives Rise In Housing Stock

A big increase in the number of offices and shops converted into flats is behind a surge in England’s housing stock, official figures show. There were 189,650 dwellings added to the housing stock in England between April 2015 and March 2016, up 11% on the year before, according to CLG figures. Traditional new-build properties rose by 8,860 units to 163,940. But the most marked increase was in “change of use”, with 30,600 new units compared with 20,650 the year before. Of these, 12,824 were offices converted into flats. The boom is partly down to new “permitted development rights,” which allow developers to proceed without conventional planning permission, though critics say the result is that many units fail to meet minimum space standards. Read more on the Guardian website.

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