Property spotlight at Houses of Parliament
The property market has come under the spotlight again, with the Government’s latest interventions included in the Queen’s Speech.
The Neighbourhood Planning and Infrastructure Bill was among the measures included by the Government in its proposed legislation announced by Her Majesty at Parliament.
Potential changes include planning reform and legislation to give communities greater power over their own areas to help meet planning need.
More broadly, the Government said that the aim of the Bill was to ‘support the economic recovery, and to create jobs and more apprenticeships…to ensure Britain has the infrastructure that businesses need to grow’.
Under the proposals, local councils will only enforce pre-commencement planning conditions where absolutely necessary.
The Government says that this will prevent the overuse and misuse of certain planning conditions and speed up housebuilding.
A shake-up of compulsory purchases is also planned to make them ‘clearer, fairer and faster’ for all involved in the process.
The aim is to end lengthy legal disputes involving people looking to halt major schemes by clinging on to their property or holding out for more compensation.
Privatisation of the Land Registry is also proposed in the Bill along with the introduction of a more modern, digital registration system that help those buying or selling their home.
The Bill is just the latest of interventions by the Government in the property market as it tries to meet its aim of delivering a million homes by 2020.
Any moves to make the system more efficient and remove any barriers to construction are welcome although the Government must be careful to ensure any measures are not counterproductive.
We will wait to see the small print of the Bill and, of course, it is subject to change as it passes through Parliament; so we could see a watered down or somewhat different final act when it is finally passed.
There’s plenty on the Royal Institution of Chartered Surveyors (RICS) website at www.rics.org/uk/ about the Bill.
As a RICS registered firm, we always take a keen interest in the RICS surveys and market intelligence whilst also working to their high standards.
You can also read more about the property market and latest developments on previous posts on our blog on this website as well as on Facebook, Twitter under @McAndrewMartin and on LinkedIn under our name.
You can also email us on [email protected] and call 02392 697193 for advice about all of your property related matters.
The property market has come under the spotlight again, with the Government’s latest interventions included in the Queen’s Speech. The…