Rob discusses the impact of the Tory planning reforms in the UK housing market. The National Planning Policy Framework (NPPF) has removed mandatory house building targets and reduced the land supply councils need to allocate for housing. This has led to a decrease in planning permissions and an increase in rejected applications, ultimately exacerbating the housing crisis. The episode highlights the challenges of increasing housing supply and the potential political undertones influencing these decisions.
KEY TAKEAWAYS
BEST MOMENTS
"Increasing the supply of housing is very, very useful. But what this policy framework has done is having the opposite effect."
"Maybe the government wants to keep the backbenchers happy and remove smaller house builders to eliminate competition."
"The MPPF has given local authorities more leeway to reject new housing, exacerbating the situation."
"It's becoming increasingly challenging to rent, build, or buy a home in the UK, all stemming from Westminster's policies."
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ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
WHERE TO FIND US