A newly released report states that more houses should be built!
The housing gap in the South West remains “a major issue” with local authorities cutting housing targets by more than 10% a year, it has been warned. Controversial “regional spatial strategies were introduced in 2004 and imposed house building targets for all areas of England outside London.
The top-down policy was abolished by the coalition Government in 2010 in a move designed to give local authorities more power over planning. However, the result has seen house building targets slashed with latest research showing a cut of 3,419 homes a year in the South West – 11.27% less than the figure under the regional strategy.
And in Cornwall?
Cornwall Council is among those to have slashed its numbers and is now targeting 48,000 new homes over the next 20 years – 20,000 less than the original figure.
And who led the group producing the report?
BNP Paribas Real Estate
Comment A good example here of a misleading report:
- The Regional Spatial Strategy targets were set way too high anyway so a reduction is not a bad thing.
- Cornwall has ‘slashed’ its numbers – really? 68,000 was again a figure way above any realistic target.
- 48,000 is also too high – the maximum if you take into account population movement, household change and housing need is no more than 29,000.
- Lots of the houses which are built are to succour the second home and holiday lets market not meet housing need! Odd that that is not mentioned!
And finally, the producers of the report
- BNP Paribas Real Estate – provide real estate services for commercial and residential real estate.
- Combining market leading real estate specialists with the connections and economic expertise of a leading global bank, at BNP Paribas Real Estate we help our clients maximise their returns across the full lifecycle of real estate.
What a surprise – a company that has a very vested interest in residential property development!!!