As the government wraps up a consultation on how to make property development more transparent, attention is turning to the hot topic of land banking [when developers buy land but don’t build on it for years].
With the UK facing a housing shortage and pressure to improve infrastructure, the government is introducing big changes to stop developers from sitting on land without using it. Here’s what’s changing, and what it could mean for developers and property managers.
III. Planning Reforms
I. Other planning changes under the Levelling Up and Regeneration Act 2023 include:
II. Faster planning decisions to reduce excuses for not building.
III. Stronger powers for councils, allowing them to take over land that isn’t being used.
IV. Regular progress updates so authorities and the public can see what’s happening with approved developments.
Government Cracks Down on Land Banking [Part 3]
As the government wraps up a consultation on how to make property development more transparent, attention is turning to the hot topic of land banking [when developers buy land but don’t build on it for years].
With the UK facing a housing shortage and pressure to improve infrastructure, the government is introducing big changes to stop developers from sitting on land without using it. Here’s what’s changing, and what it could mean for developers and property managers.
III. Planning Reforms
I. Other planning changes under the Levelling Up and Regeneration Act 2023 include:
II. Faster planning decisions to reduce excuses for not building.
III. Stronger powers for councils, allowing them to take over land that isn’t being used.
IV. Regular progress updates so authorities and the public can see what’s happening with approved developments.
ADAPT EARLY—PLAN SMART—BUILD FAST