Saturday 19 March 2011

BBC News - Property planning rules to soften

BBC News - Property planning rules to soften

Measures to make it easier for firms in England to convert commercial property into private dwellings are to be announced by the government in the Budget, the BBC has learned.

Developers will not need planning permission in a move ministers say could create up to 250,000 additional houses or flats.

Sources say the plan could save £140m in red tape costs over 10 years.

Last year only 129,000 new housing only units were built in England.

It is the lowest peacetime figure since 1923, while at the same time between 7-9% of commercial properties lie vacant.

The proposal, which the BBC understands will be announced in next Wednesday's budget, aims to boost home construction and encourage first time buyers back into the housing market by making it easier for developers in England to convert commercial properties into private houses and flats.

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