There is a growing shortage in the number of residential building plots available for immediate development. Land holdings with planning permission have dropped by a third since 1999.

Feb. 1, 2003
These are the findings of new research from property consultant FPDSavills which also finds that the number of units completed in that time has also fallen, this time by 8%. Although developers are increasing densities on sites - either by design or because of planning demands - this has not translated into a boost in units built.<p></p><p> &amp;“Ironically the welcome new move from greenfield development to brownfield may have worsened the supply shortage in the short to medium term,&amp;” says Yolande Barnes, head of research at FPDSavills. She says this is because urban sites are more complex and take longer to steer through planning.</p><p> The research finds that even with the current low levels of building, developers hold just 2.5 years of developable plots - undermining suggestions that they are deliberately holding back developable land to boost prices. An upturn in building rates could lead to a blockage in the development pipeline.</p><p> &amp;“If housing shortages are to be eased, more land must be made available in the places it is needed,&amp;” says Barnes, and planning permission given quickly. &amp;“The conventional approach to land release and development will not work,&amp;” she added. &amp;“A new and more cooperative approach is needed to …

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