With new rules on the horizon, the UK is tackling land banking [when developers sit on land without building]. Reforms aim to speed up housing delivery and boost accountability.
Key changes: I. New Infrastructure Levy based on property value, not floor space II. Stronger powers for councils to seize unused land III. Penalties for slow or stalled projects IV. Tighter planning rules to keep developments moving
Government Cracks Down on Land Banking!
With new rules on the horizon, the UK is tackling land banking [when developers sit on land without building]. Reforms aim to speed up housing delivery and boost accountability.
Key changes:
I. New Infrastructure Levy based on property value, not floor space
II. Stronger powers for councils to seize unused land
III. Penalties for slow or stalled projects
IV. Tighter planning rules to keep developments moving
ADAPT EARLY—PLAN SMART—BUILD FAST