Mark Homer joins Nigel to talk about one of the ways he sees us dealing with the housing crisis, redevelopment of retail and other commercial units into residential use. They discuss the barriers to general development and the new legislation coming into place soon.

KEY TAKEAWAYS 

• The government hasn’t been getting anywhere near its target for building houses, largely down to local planning and democracy.
• Over the years it’s become more difficult to convert commercial property into residential but there is some new regulation being discussed that could change this.
• You don’t get the same objections and difficulties when trying to develop housing in a city centre -vs.- rural communities.

BEST MOMENTS  

‘Everywhere the government turns it finds it more and more difficult to meet these housing targets’

‘I was the first person in Peterborough to take an office building and turn it into apartments’

‘It makes sense to live in city centres now and if we do a new kind of shopping with emerge’

‘So many builders are saying that the current green targets, are making it harder and harder’

VALUABLE RESOURCES 

https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD

Email: Markhomer@progressiveproperty.co.uk

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive