Response to Communities and Local Government Committee Inquiry into capacity in the homebuilding industry
|
|
- Roderick Butler
- 5 years ago
- Views:
Transcription
1 Response to Communities and Local Government Committee Inquiry into capacity in the homebuilding industry Page 1 of 7
2 1. Introduction This paper is LendInvest s response to the review by the Communities and Local Government Committee into capacity in the homebuilding industry. LendInvest welcomes consideration of the capacity of the sector by the Communities and Local Government Committee and encourages the Committee to work with a range of industry participants to identify opportunities to build more homes in the UK. LendInvest is the UK s largest online mortgage lender, lending bridging and development finance to small scale house builders and investors. As one of the country s leading FinTech companies, we specialise in building technology that makes its easier and faster for creditworthy borrowers to access mortgage finance, and gives more people access to invest in property finance. LendInvest has lent over 740 million since 2008 to property investors and developers buying, building and renovating over 2,500 properties in more than 120 UK cities and towns. As the country has recovered from the prolonged financial crash, LendInvest has actively supported property SMEs to access the land, finance and the skills necessary to put more homes on Britain s streets. The LendInvest Property Development Academy is one example of initiatives we have taken to stimulate small scale housebuilding beyond the supply of finance. We champion the SME housebuilder, who we believe can be the engine behind growth in Britain, chiefly in building and developing residential property. As such, this response focuses on the role of property development SMEs in meeting the demand for new homes. This response seeks to underline their capacity to contribute to putting more homes on UK streets, while highlighting the obstacles and challenges that should be alleviated by the Government to achieve the best results. 2. General remarks on the current market for property development SMEs It is no coincidence that Britain s most productive housebuilding period also saw the highest numbers of SME developers in operation. Back in 1988, the number of small builders (defined as those building 100 units or fewer) stood at 12,200 in the UK. That had fallen to 5,700 by 2006, and then just 2,400 by This 80% slump has been to the detriment of both the industry and the nation at large. Page 2 of 7
3 1 [Number of firms registering low volumes of housebuilding, 1988 to 2014] The housebuilding industry has been through a tumultuous time. While there have been modest improvements in housebuilding statistics quarter on quarter this year, completions remain down 2% year on year. At this rate, the Government s target of one million homes by 2020 will not be reached. 2 [The failure to hit government housebuilding targets] Increasing housing supply is a complex problem which will require a coordinated approach by government and industry to solve. Indeed, the House of Lords Select Committee noted that to meet demand and have a moderating 3 effect on house prices, at least 300,000 homes a year need to be built for the foreseeable future. 1 Federation of Master Builders 2 Department for Communities and Local Government 3 House of Lords Select Committee on Economic Affairs, Building More Homes, 2016 Page 3 of 7
4 The timing for public intervention could not be more crucial. In the wake of the UK s referendum on European Union membership, the UK housing market is set for increased vulnerability. Home ownership is at a 30 year low in a market where real estate is still considered one of the safest investment classes. The British Social Attitude Survey 2014 found that 56% of those questioned supported new house building in their area; up by 28 percentage points since The appetite for the industry to grow has never been better. The Government has a real opportunity to reinvigorate the market by putting homebuilding front and centre of its industrial policy. It is not enough, however, to set ambitious housebuilding targets without addressing the challenges in the sector that are preventing developers from delivering the targets that the Government aspires to achieve. Instead, measures should be taken to address the shortages in land, opportunities for finance and the lack of skills in the sector to truly get Britain building. 3. Addressing key challenges for property development SMEs It is LendInvest s conviction that the key to better housebuilding by property development SMEs lies in improving a trio of access points: to land, finance and skills. 3.1 Access to land It is commonly recognised now that relying on the larger housebuilders to increase housing supply has proven ineffective. The Guardian notes that 615,152 housing plots have been land banked by Britain s nine largest 4 housebuilders, meaning they sit on large amounts of suitable building land and develop it slowly, subsequently keeping prices high. This inactivity on perfectly adequate land has one overriding consequence: there are fewer homes being started and completed than the number of permissions granted. While we understand that construction lag times often require a reasonable forward supply of land, government intervention in land banking would open up land for development by SMEs who do not have the resource to procure and bank land in the same way. Public intervention should also be made into the opaque land market, reducing the frequency at which land traders purchase land, promote it through the planning system and sell it on for inflated prices to land developers. This practice drives up higher development costs for the eventual developer, who must ultimately pass that cost on to the property buyer through inflated sale prices. Developers, policymakers and the eventual homebuyer would benefit greatly from the opening up of this market to scrutiny by requiring publication of data on land ownership, prices and option agreements. Small scale developers struggle most to access land, with 14% identifying availability of land at a suitable price as a 5 major challenge. The Government is taking positive steps to address this, by releasing public land, but has got off to 6 what the National Audit Office has called a slow start. As activity accelerates, more SMEs must be at the front of the queue to develop this land, offering unique and competitive products and building their own reputations at the same time. 4 The Guardian, Revealed: housebuilders sitting on 600,000 plots of land, NHBC Foundation, Improving the prospects for small house builders and developers, National Audit Office, Disposal of public land for new homes a progress report, 2016 Page 4 of 7
5 3.2 Access to finance Banks and building societies were once the mainstay of housebuilding finance, but their share of the market has shrunk by more than 20% since For many, capital adequacy requirements mean that development finance is just too expensive to lend. For others, there is little appetite to lend capital in return for minimal margins. Insurance companies initially stepped in after the credit crisis to fill a funding gap and now lend 10% of housebuilding debt. However their criteria is stringent and they generally reserve allocations for major developments. In this climate, small scale SME housebuilders are consistently the least well served by lenders. Less burdened by capital constraints and lending costs of our traditional counterparts, it is alternative, non bank lenders, like LendInvest, that are increasingly plugging the funding gap at the smaller end of the development market by building a suite of loan products to serve SMEs needs. 7 [The number of lenders prepared to lend at different loan sizes] By the end of 2014, the alternative lending market accounted for 14% of all development loans, and current market conditions indicate that this proportion is growing. In order to maintain a competitive, fair and open market, there should be greater government support for alternative finance sources, such as online mortgage lenders, and the role they play to underpin the work of SME developers. 7 Investment Property Forum, UK Development Finance Review, 2015 Page 5 of 7
6 8 [Market share of annual loan originations 1999 to 2014] Government funding for housebuilding projects, such as the mooted fund to be administered by the Homes and Communities Agency, should focus on supporting SME developers. Non bank lenders, like LendInvest, are increasingly well established and have the suitable expertise to determine which SME property developers are likely to be good prospects. However, in the current market it can be challenging for alternative lenders to source additional lending capital. The Government is well placed to mandate state backed funding schemes that enable lenders to offer more capital to SMEs. LendInvest sees this as an essential area for exploration by the Government in the development of its industrial policy. 3.3 Access to skills Access to land to develop and finance to fund getting tools in the ground can be hindered by the lack of know how to complete projects. It is recognised already that there is a skills shortage in construction, but addressing this does not fully solve the skills gap. Many property developers, especially those small scale developers, lack the knowledge and experience to make a success of their development projects. Industry initiatives, such as the LendInvest Property Development Academy, present an innovative opportunity to increase housing supply by arming property entrepreneurs with the tools to build development projects from the ground up. In order to make a success of this, government and industry must work together to help these developers from identifying development opportunities at the beginning, through to navigating planning processes and completing on projects. The Government s industrial strategy must make provisions for upskilling the engineers behind infrastructural growth in the UK. This includes property developers, who must be incentivised to develop property to add to the nation s housing stock. 8 CBRE, Development Finance Is there capital to fund the cranes? 2015 Page 6 of 7
7 4. Our recommendations Improving access to land 1. The Government should take action to ensure that land is not unnecessarily banked and that larger developers who do not develop land in their stock sell it on to SMEs who will develop the land swiftly. 2. Place increased scrutiny on the land market, including requiring the publication of data on land pricing, option agreements and ownership. 3. Prioritise SMEs over major housebuilders in bids to develop land released from public ownership. Improving access to finance 1. The Government should explore state backed funding schemes to provide businesses like ours with more capital to lend to SMEs. 2. Put SME property development at the heart of the industrial strategy. Commit to and act upon the funding understood by industry to have been earmarked by government for SME development projects. 3. Build on the Government s support for alternative finance as a route for SME growth by promoting cross fertilisation between small scale developers and alternative finance companies. Improving access to skills 1. The Government should support industry initiatives to develop skills for property developers. 2. The Industrial Strategy should go further in incentivising development activity to position property development as an attractive entrepreneurial opportunity. 3. Government at all levels must work with SME developers to make it easy to plan and develop property. This submission has been prepared by John Gusman, LendInvest Contact: john.g@lendinvest.com Page 7 of 7
Response. Reinvigorating the right to buy. Contact: Adam Barnett. Investment Policy and Strategy. Tel:
Response Contact: Adam Barnett Team: Investment Policy and Strategy Tel: 020 7067 1114 Email: Adam.Barnett@housing.org.uk Date: February 2012 Ref: RE.IN.2012.RE.01 Registered office address National Housing
More informationB8 Can public sector land help solve the housing crisis?
B8 Can public sector land help solve the housing crisis? Speakers: Chair: Claire O Shaughnessy Head of Land and Regeneration Homes and Communities Agency Clive Skidmore Head of Regeneration and Development
More informationReforming the land market
Reforming the land market How land reform can help deliver the government target of 300,000 new homes per year CPP Working Paper 01/2018 April 2018 Thomas Aubrey Centre for Progressive Policy About the
More informationNo place to live. A UNISON survey report into the impact of housing costs on London s public service workers
No place to live A UNISON survey report into the impact of housing costs on London s public service workers 1 FOREWORD Public services are critical to the London economy. Good transport and housing, quality
More informationRegistered office address
Briefing The Mayor s Housing Covenant: Homes for Contact: Team: Rhona Brown London Region Tel: 020 7067 1145 Email: rhona.brown@housing.org.uk Date: November 2012 Registered office address National Housing
More informationAn innovative approach to addressing the housing crisis. A new model for affordable housing
An innovative approach to addressing the housing crisis A new model for affordable housing April 2015 Why do we need a new affordable housing model? Housing sector background Nationally and locally, demand
More informationState of the Housing Market in Bristol 2013
State of the Housing Market in Bristol 2013 Housing Stock Bristol has 190,000 homes, and plans to increase this by around 13,000 by 2026. Currently 15% of stock is owned by the city council, 6% by housing
More informationA National Housing Action Plan: Effective, Straightforward Policy Prescriptions to Reduce Core Housing Need
Co-operative Housing Federation of Canada s submission to the 2009 Consultations on Federal Housing and Homelessness Investments A National Housing Action Plan: Effective, Straightforward Policy Prescriptions
More informationResearch. A Capital Value production. An analysis of the Dutch residential (investment) market 2017
Research A Capital Value production An analysis of the Dutch residential (investment) market 2017 Summary In 2016, the development of the housing market was turbulent. Key events included a historic residential
More informationFindings: City of Johannesburg
Findings: City of Johannesburg What s inside High-level Market Overview Housing Performance Index Affordability and the Housing Gap Leveraging Equity Understanding Housing Markets in Johannesburg, South
More informationREAL ESTATE REFORMS: THE UK S MOST POPULAR PROPERTY POLICY IDEAS MFS
REAL ESTATE REFORMS: THE UK S MOST POPULAR PROPERTY POLICY IDEAS MFS Real Estate Reforms: The UK S Most Popular Property Policy Ideas On 24 June 2016, the UK awoke to the news that it would be leaving
More informationIdentifying brownfield land suitable for new housing
Building more homes on brownfield land Identifying brownfield land suitable for new housing POS consultation response Question 1: Do you agree with our proposed definition of brownfield land suitable for
More informationHousing Affordability Research and Resources
Housing Affordability Research and Resources An Analysis of Inclusionary Zoning and Alternatives University of Maryland National Center for Smart Growth Research and Education Abt Associates Shipman &
More informationAn innovative approach to addressing the housing crisis CIH Eastern Region Conference & Exhibition Master Class
An innovative approach to addressing the housing crisis CIH Eastern Region Conference & Exhibition Master Class 10 November 2015 Why do we need a new Affordable Housing option? Why do we need a new Affordable
More information21 March Development Update
21 March 214 Development Update Contact: Charlie Blagbrough Job Title: Policy Assistant, Investment Team Email: charlie.blagbrough@housing.org.uk Direct: 2 767 176 Reference: 1 Summary Development Update
More informationNon-Profit Co-operative Housing: Working to Safeguard Canada s Affordable Housing Stock for Present and Future Generations
Co-operative Housing Federation of Canada s submission to the 2009 Pre-Budget Consultations Non-Profit Co-operative Housing: Working to Safeguard Canada s Affordable Housing Stock for Present and Future
More informationIntroducing Transparency and Rationality into the Home Buying Process A RESNET Policy Proposal October 2013
Introducing Transparency and Rationality into the Home Buying Process A RESNET Policy Proposal October 2013 Published by: Residential Energy Services Network, Inc. http://resnet.us Copyright, Residential
More informationBudget January A submission from the National Housing Federation. Introduction and summary
29 January 2016 Budget 2016 A submission from the National Housing Federation Introduction and summary Britain is in the midst of a housing shortage that has been a generation in the making. As a nation
More informationSW Overview of the Accelerated Delivery Programme Ian Knight MRICS Homes and Communities Agency
SW Overview of the Accelerated Delivery Programme Ian Knight MRICS Homes and Communities Agency 4 October 2017 Introduction The challenge we collectively face Government policy direction Partnering LAs
More informationBriefing: The Federation s response to the Housing White Paper
15 February 2017 Briefing: The Federation s response to the Housing White Paper The Housing White Paper proposes a number of changes that will help reshape the approach to housebuilding and boost the nation
More informationHOUSING AFFORDABILITY
HOUSING AFFORDABILITY (RENTAL) 2016 A study for the Perth metropolitan area Research and analysis conducted by: In association with industry experts: And supported by: Contents 1. Introduction...3 2. Executive
More informationOVERVIEW OF HOUSING DEVELOPMENT CORPORATION, LONDON (HDC)
OVERVIEW OF HOUSING DEVELOPMENT CORPORATION, LONDON (HDC) Information for Persons Interested in Applying to Serve on the HDC Board of Directors STEPHEN GIUSTIZIA EXECUTIVE LEAD SGIUSTIZIA@HDCLONDON.CA
More information23 January To whom it may concern,
23 January 2018 Committee Secretariat Finance and Expenditure Select Committee Parliament Buildings Wellington 6160 Email: select.committees@parliament.govt.nz To whom it may concern, SUBMISSION: OVERSEAS
More informationStatements on Housing 25 April Seanad Éireann. Ministers Opening Statement
Statements on Housing 25 April 2018 Seanad Éireann Ministers Opening Statement Overall Context I d like to thank the House for this important opportunity to update you on housing and related matters to-day.
More informationPolicy Response Budget 2017
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 61,050 38,541 Number of new homes 75,958 71,243 66,273 105,222 November 2017 Policy Response Budget 2017 Savills
More information1. An adequate provision of affordable housing is a fundamental and critical feature of any strong, livable and healthy community.
Strengthen Ontario s Provincial Policy Statement as one tool to meet the province s housing needs Submission by Wellesley Institute to PPS five-year review The Wellesley Institute believes that a strengthened
More informationSOUTH CAMBRIDGESHIRE DISTRICT COUNCIL SELF-COMMISSIONED HOUSING AT ORCHARD PARK
SOUTH CAMBRIDGESHIRE DISTRICT COUNCIL REPORT TO: New Communities Portfolio Holder Meeting 20 May 2010 AUTHOR/S: Executive Director Operational Services/ Corporate Manager Planning and New Communities Purpose
More informationSpotlight Hertfordshire Residential Development 2017
Savills World Research UK Residential Spotlight Hertfordshire Residential Development 2017 SUMMARY Future opportunities for meeting Hertfordshire s housing need Strong house price growth: House prices
More informationA M A S T E R S P O L I C Y R E P O R T An Analysis of an Ordinance to Assure the Maintenance, Rehabilitation, Registration, and Monitoring of
A M A S T E R S P O L I C Y R E P O R T An Analysis of an Ordinance to Assure the Maintenance, Rehabilitation, Registration, and Monitoring of Vacant, Foreclosed Residential Properties By Drennen Shelton
More informationSubmission: Budget 2018
Submission: Budget 2018 Building more homes, more quickly why enabling the delivery of social housing is the answer 1. Executive summary 28 September 2018 The country is short of four million homes. We
More informationExtending the Right to Buy
Memorandum for the House of Commons Committee of Public Accounts Department for Communities and Local Government Extending the Right to Buy MARCH 2016 4 Key facts Extending the Right to Buy Key facts 1.8m
More informationSocial Housing at the Crossroads: Possibilities for Investment, Provision and Cost Rental
ACKNOWLEDGEMENTS vii Social Housing at the Crossroads: Possibilities for Investment, Provision and Cost Rental Executive Summary No. 138 June 2014 ix Executive Summary x Ireland s approach to social housing
More informationChairman, Deputies and Senators,
Opening Statement by Mr. Brendan McDonagh, Chief Executive of NAMA, to the Joint Committee on Finance, Public Expenditure and Reform Thursday, 13 July 2017 Chairman, Deputies and Senators, You invited
More informationLeasing to Finance Innovation Jurgita Bucyte Senior Adviser in Statistics & Economic Affairs, Leaseurope
Leasing to Finance Innovation Jurgita Bucyte Senior Adviser in Statistics & Economic Affairs, Leaseurope AGORADA 2016 Brussels 27 May 2016 About Leaseurope Leaseurope represents the European leasing &
More informationRESIDENTIAL LANDLORDS ASSOCIATION A RESPONSE TO THE HACKITT REVIEW FOR THE HOUSING, COMMUNITIES AND LOCAL GOVERNMENT SELECT COMMITTEE
RESIDENTIAL LANDLORDS ASSOCIATION A RESPONSE TO THE HACKITT REVIEW FOR THE HOUSING, COMMUNITIES AND LOCAL GOVERNMENT SELECT COMMITTEE 1.0 ABOUT THE RESIDENTIAL LANDLORDS ASSOCIATION 1.1 The Residential
More informationSpring Budget Submission to HM Treasury From the Association of Residential Letting Agents (ARLA) January 2017
Spring Budget Submission to HM Treasury From the Association of Residential Letting Agents (ARLA) January 2017 Background 1. ARLA is the UK s foremost professional and regulatory body for letting agents;
More informationKIWIBUILD: 100,000 MODERN AFFORDABLE HOMES FACTSHEET
KIWIBUILD: 100,000 MODERN AFFORDABLE HOMES FACTSHEET HIGHLIGHTS Labour will: Help Kiwis into their first home by building 100,000 modern affordable homes. Create a significant number of skilled jobs by
More informationAppendix 6: Feasible Delivery routes for Oxford
Appendix 6: Feasible Delivery routes for Oxford Appendix 6: Feasible Delivery routes for Oxford 1. Fully mutual co-operative The scenario The study team assessed the scenario of a housing co-operative
More informationResearch. A Capital Value production. An analysis of the Dutch residential (investment) market 2018
Research A Capital Value production An analysis of the Dutch residential (investment) market 2018 Summary Never before has so much capital been invested in Dutch rented housing. In 2017, a total of 5.5
More informationScottish Election 2007 Summary of Party Manifestos. Scottish Labour Party Election Manifesto 2007
Scottish Election 2007 Summary of Party Manifestos Scottish Labour Party Election Manifesto 2007 Housing Communities There is clearly an under supply of new homes. Through the National Planning Framework,
More informationLocal Authority Housing Companies
Briefing 17-44 November 2017 Local Authority Housing Companies To: All Contacts Key Issues There has been a rise in the number of Local Authority Housing Companies that have been established and APSE has
More informationNORTHWEST TERRITORIES HOUSING CORPORATION
NORTHWEST TERRITORIES HOUSING CORPORATION OVERVIEW MISSION The mission of the Northwest Territories Housing Corporation (NWTHC) is to ensure, where appropriate and necessary, that there is a sufficient
More informationSubmission on Macro Prudential Rules. Central Bank of Ireland. in relation to
Submission on Macro Prudential Rules to Central Bank of Ireland in relation to CENTRAL BANK (SUPERVISION AND ENFORCEMENT) ACT 2013 (SECTION 48) (HOUSING LOAN REQUIREMENTS) REGULATIONS 2015 SUBMISSION Submitted
More informationResearch report Tenancy sustainment in Scotland
Research report Tenancy sustainment in Scotland From the Shelter policy library October 2009 www.shelter.org.uk 2009 Shelter. All rights reserved. This document is only for your personal, non-commercial
More informationQUEENSTOWN-LAKES DISTRICT HOUSING ACCORD
QUEENSTOWN-LAKES DISTRICT HOUSING ACCORD Queenstown-Lakes Housing Accord 1. The Queenstown-Lakes Housing Accord (the Accord) between Queenstown-Lakes District Council (the Council) and the Government is
More informationA better approach to buying and developing property in Madrid
A better approach to buying and developing property in Madrid Property Services Limited Modernisation and interior design for a luxury apartment in the historic centre of Madrid. How Larquia can help Are
More informationWorking together for more homes
Working together for more homes How housing associations and local authorities can tackle the housing crisis Executive summary The housing crisis in England means we need to build 275,000 homes per year
More informationChoice-Based Letting Guidance for Local Authorities
Choice-Based Letting Guidance for Local Authorities December 2016 Contents Page 1. What is Choice Based Lettings (CBL) 1 2. The Department s approach to CBL 1 3. Statutory Basis for Choice Based Letting
More informationExploring Shared Ownership Markets outside London and the South East
Exploring Shared Ownership Markets outside London and the South East Executive Summary (January 2019) Shared ownership homes are found in all English regions but are geographically concentrated in London
More informationDublin City Development Plan Issues Paper Submission
Dublin City Development Plan 2016 2022 Issues Paper Submission January 2015 policy@scsi.ie Introduction The Society of Chartered Surveyors Ireland (SCSI) is the independent professional body for Chartered
More informationHousing Markets: Balancing Risks and Rewards
Housing Markets: Balancing Risks and Rewards October 14, 2015 Hites Ahir and Prakash Loungani International Monetary Fund Presentation to the International Housing Association VIEWS EXPRESSED ARE THOSE
More informationHBF FACTS & MESSAGES BULLETIN Q1 2015
HBF FACTS & MESSAGES BULLETIN Q1 2015 Published Jan 2015 Introduction The latest edition of the HBF Facts and Messages Bulletin includes up-to-date statistics and commentary on the subjects listed below.
More informationUK Housing Awards 2011
UK Housing Awards 2011 Excellence in Housing Finance and Development: Winner Rettie & Co, Springfield Properties and DCHA: Resonance at Moray Apartments, Edinburgh Summary In this climate of constrained
More informationDraft Greater Sydney Region Plan
Draft Greater Sydney Region Plan Submission_id: 32260 Date of Lodgment: 28 Dec 2017 Origin of Submission: Email First name: Rick Last name: Banyard Suburb: Submission content: I welcome the opportunity
More informationOntario Rental Market Study:
Ontario Rental Market Study: Renovation Investment and the Role of Vacancy Decontrol October 2017 Prepared for the Federation of Rental-housing Providers of Ontario by URBANATION Inc. Page 1 of 11 TABLE
More informationIndependent Property Inspectors
Independent Property Inspectors Business Opportunity Prospectus 2018 Purchasing or building a home is an emotional process, sometimes in our enthusiasm, lack of knowledge or misplaced trust we find ourselves
More informationLANDLORDS DOWNBEAT DESPITE STRONG RENTAL MARKET
John Heron Managing Director Mortgages, Paragon HIGHLIGHTS Rental market fundamentals strong Fewer landlords optimistic about portfolio prospects Buying intentions at lowest level ever LANDLORDS DOWNBEAT
More informationThe National Homeownership Strategy: Partners in the American Dream. Chapter 1: The National Homeownership Strategy
Page 1 of 10 The National Homeownership Strategy: Partners in the American Dream Chapter 1: The National Homeownership Strategy Purpose Li t The purpose of the National Homeownership Strategy is to achieve
More informationResidential Commentary Sydney Apartment Market
Residential Commentary Sydney Apartment Market April 2017 Executive Summary Sydney Apartment Market: Key Indicators 14,200 units are currently under construction in Inner Sydney with completion expected
More informationAssets, Regeneration & Growth Committee 17 March Development of new affordable homes by Barnet Homes Registered Provider ( Opendoor Homes )
Assets, Regeneration & Growth Committee 17 March 2016 Title Report of Wards Status Urgent Key Enclosures Officer Contact Details Development of new affordable homes by Barnet Homes Registered Provider
More informationAFFORDABLE HOUSING - Finance and Governance May Adrian Harrington Head of Funds Management, Folkestone
AFFORDABLE HOUSING - Finance and Governance May 2017 Adrian Harrington Head of Funds Management, Folkestone 1 AFFORDABLE HOUSING - POLICY REPONSE How do you balance the need for a framework at the macro
More informationViability and the Planning System: The Relationship between Economic Viability Testing, Land Values and Affordable Housing in London
Viability and the Planning System: The Relationship between Economic Viability Testing, Land Values and Affordable Housing in London Executive Summary & Key Findings A changed planning environment in which
More informationPROJECT: «RUSSIAN URBAN HOUSING ENERGY EFFICIENCY PROGRAMME MODEL DEVELOPMENT» CONTRACT : С22341/GEF
THE INSTITUTE FOR URBAN ECONOMICS Russian Urban Housing Energy Efficiency Programme Model Development REPORT ON TASK 2. DEVELOP MECHANISMS FOR THE FUNDING OF CAPITAL REPAIRS AND ENERGY EFFICIENCY IMPROVEMENTS
More information2. The BSA welcomes the opportunity to respond to the Welsh Government s White Paper on the future of housing in Wales.
Homes for Wales: A White Paper for Better Lives and Communities Response by the Building Societies Association 1. The Building Societies Association (BSA) represents mutual lenders and deposit takers in
More informationBOROUGH OF POOLE BUSINESS IMPROVEMENT OVERVIEW AND SCRUTINY COMMITTEE 17 MARCH 2016 CABINET 22 MARCH 2016
BOROUGH OF POOLE AGENDA ITEM 7 BUSINESS IMPROVEMENT OVERVIEW AND SCRUTINY COMMITTEE 17 MARCH 2016 CABINET 22 MARCH 2016 DEVELOPING A COMMERCIAL APPROACH TO THE USE OF ASSETS REPORT OF THE STRATEGIC DIRECTOR
More informationAugust 2012 Design by Anderson Norton Design
August 2012 Design by Anderson Norton Design 020 7336 6992 Property Data Report 2012 Introduction 1 Commercial property by comparison UK commercial property s value in 2011 reached 717 billion, helped
More informationThis work has been submitted to NECTAR, the Northampton Electronic Collection of Theses and Research.
This work has been submitted to NECTAR, the Northampton Electronic Collection of Theses and Research. Monograph Title: The crisis of housing supply: the role of urban extensions Creators: Colenutt, B.
More informationLaying the Foundations
Laying the Foundations A Submission from the Community Housing Federation of Victoria Thank you for the opportunity to input into this important exercise in setting the objectives and identifying the needs
More informationPrivate Residential Rental Market Report - UK
Private Residential Rental Market Report - UK 2018-2022 Published: 13/06/2018 / Number of Pages: 85 / Price: 845.00 Introduction and Overview The 2nd edition of the 'Private Residential Rental Market Report
More informationNORTH LEEDS MATTER 2. Response to Leeds Sites and Allocations DPD Examination Inspector s Questions. August 2017
NORTH LEEDS MATTER 2 Response to Leeds Sites and Allocations DPD Examination Inspector s Questions August 2017 CLIENT: TAYLOR WIMPEY, ADEL REFERENCE NO: CONTENTS 1.0 INTRODUCTION 2.0 TEST OF SOUNDNESS
More informationWorking with residents and communities to tackle ASB
Working with residents and communities to tackle ASB Baseline findings 2011 www.cih.org 1 Introduction Over the last two decades tackling anti-social behaviour (ASB) and its underlying causes has become
More informationYour key to securing supply Unlock measures to boost delivery across the public and private housing lifecycle
Your key to securing supply Unlock measures to boost delivery across the public and private housing lifecycle Introduction Ireland s continued capacity to deliver economic and social progress hinges on
More informationAppraisers and Assessors of Real Estate
http://www.bls.gov/oco/ocos300.htm Appraisers and Assessors of Real Estate * Nature of the Work * Training, Other Qualifications, and Advancement * Employment * Job Outlook * Projections Data * Earnings
More informationConsultation on Increasing Housing Supply in Ontario: A guide for Ontario s co-op housing sector
Consultation on Increasing Housing Supply in Ontario: A guide for Ontario s co-op housing sector The Government of Ontario is currently holding a consultation: Increasing Housing Supply in Ontario. CHF
More informationThe Estonian Economy. Macro Research. Housing market risks diluted. Macro Research - The Estonian Economy. 8 July, 2016.
Macro Research 8 July, The Estonian Economy Newsletter Housing market risks diluted The surge in supply has almost halted price growth Construction sector investments low Real estate prices relative to
More information2016 NEW HOMES CONSTRUCTION SURVEY
2016 NEW HOMES CONSTRUCTION SURVEY BELOW IS A BREAKDOWN OF WHERE OUR SURVEY RESPONDENTS OPERATE. Welcome to the first edition of the Knight Frank New Homes Construction Survey. The residential development
More informationMAKING THE MOST EFFECTIVE AND SUSTAINABLE USE OF LAND
165 SOC146 To deliver places that are more sustainable, development will make the most effective and sustainable use of land, focusing on: Housing density Reusing previously developed land Bringing empty
More informationHousing and Planning Bill 2015/16
Housing and Planning Bill 2015/16 Impact Assessment This impact assessment relates to clauses within the Housing and Planning Bill as introduced to the House of Commons on 13 October 2015. Further updates
More informationNATIONAL PLANNING AUTHORITY. The Role of Surveyors in Achieving Uganda Vision 2040
NATIONAL PLANNING AUTHORITY The Role of Surveyors in Achieving Uganda Vision 2040 Key Note Address By Dr. Joseph Muvawala Executive Director National Planning Authority At the Annual General Meeting and
More informationRegulation update SE Smaller Housing Associations Seminar 8 July Steve Smedley HouseMark
Regulation update SE Smaller Housing Associations Seminar 8 July 2011 Steve Smedley HouseMark Content profile - smaller housing associations latest state of play implications 2 Number of organisations
More informationHOUSING ISSUES IN NORTHERN ALBERTA. June 1, 2007
HOUSING ISSUES IN NORTHERN ALBERTA June 1, 2007 INTRODUCTION Housing is fundamental to our social and economic well-being as individuals and communities. In northern Alberta, development is outpacing housing
More informationHousing and Planning Bill + Welfare Reform and Work Bill
Housing and Planning Bill + Welfare Reform and Work Bill There are two Bills going through Parliament at the moment that have implications for CLTs: the Housing and Planning Bill, which had its First Reading
More informationNETHERLANDS PRS REPORT
NETHERLANDS PRS REPORT SUMMER 218 THE NETHERLANDS HOUSING GAP IN A EUROPEAN PERSPECTIVE KEY POINTS Over the next ten years, the Randstad region is expected to have the highest ratio of new professional
More informationMETREX Expert Group Affordable Housing
METREX Expert Group Affordable Housing METREX 125 West Regent Street GLASGOW G2 2SA Scotland UK T. +44 (0) 1292 317074 F. +44 (0) 1292 317074 secretariat@eurometrex.org http://www.eurometrex.org 1 METREX
More informationThe Credit Crunch and the Housing Shortage Time for a Radical new Approach to Building Affordable Homes
Local Economy, Vol. 23, No. 3, August 2008, 121 126 VIEWPOINT The Credit Crunch and the Housing Shortage Time for a Radical new Approach to Building Affordable Homes LEE SHOSTAK & JOHN HOUGHTON Shared
More informationThe evolving New Build market and how this will affect lenders and valuers
September 2018 The evolving New Build market and how this will affect lenders and valuers In this paper we take a closer look at Government-led initiatives targeted at procuring new homes, with a focus
More informationConsultation Response
Neighbourhoods and Sustainability Consultation Response Title: New Partnerships in Affordable Housing Lion Court 25 Procter Street London WC1V 6NY Reference: NS.DV.2005.RS.03 Tel: 020 7067 1010 Fax: 020
More informationSPECIAL EDITION INNOVATION+CITIES THE HOME STRETCH 14
SPECIAL EDITION INNOVATION+CITIES THE HOME STRETCH 14 Like to know the solution to the housing crisis in the world s major cities? The truth is there is no single solution. But innovative approaches incorporating
More informationThe Future of Housing Supply 2017 Using planning to deliver. Tim Hill Chief Planning Officer Leeds City Council
The Future of Housing Supply 2017 Using planning to deliver Tim Hill Chief Planning Officer Leeds City Council A few facts and figures about Leeds The city can be traced back to the 5 th century, when
More informationHomes That Don t Cost The Earth A Consultation on Scotland s Sustainable Housing Strategy. Response from the Chartered Institute of Housing Scotland
Consultation response Homes That Don t Cost The Earth A Consultation on Scotland s Sustainable Housing Strategy Response from the Chartered Institute of Housing Scotland September 2012 www.cih.org/scotland
More informationDelivery of new affordable housing new role envisaged for local authorities? FEBRUARY 2015 Wendy Murphy
Delivery of new affordable housing new role envisaged for local authorities? FEBRUARY 2015 Wendy Murphy Introduction The elections are now only four months away, and both the Conservative and Labour parties
More informationThe Mortgage and Real Estate Industries Have Evolved. SPIRE Credit Union Needed to Evolve as Well.
Today s home buyers are nothing like their earlier counterparts. In years gone by, if you wanted to get information on a home listed for sale you had to contact a real estate agent. Agents controlled access
More informationLack of supporting evidence It is not accepted that there is evidence to support the requirement of Sec 56 (2) Housing Act 2004
DASH Services Response to Nottingham City Council s consultation on proposed designation for additional licensing under Section 56 of the Housing Act 2004 Introduction DASH Services operates the DASH Landlord
More informationResponse: Towards a growth plan - New Anglia Local Enterprise Partnership for Norfolk and Suffolk
20 th August 2013 Response: Towards a growth plan - New Anglia Local Enterprise Partnership for Norfolk and Suffolk Introduction We need a housing market in the New Anglia area that supports the kinds
More informationWHARE ORANGA Housing Policy
WHARE ORANGA Housing Policy Māori and Pacific whānau have the lowest rates of home ownership and the highest rates of homelessness. Everyone, no matter where they are in Aotearoa, should live in a safe,
More informationCouncil 20 December Midlothian Strategic Housing Investment Plan 2017/ /22. Report by Eibhlin McHugh, Joint Director, Health & Social Care
Council 20 December 2016 Midlothian Strategic Housing Investment Plan 2017/18 2021/22 Report by Eibhlin McHugh, Joint Director, Health & Social Care 1 Purpose of Report This Report summarises the key points
More informationPrivate Rented Sector Priorities For London
National Landlords Association Private Rented Sector Priorities For London Richard Lambert Chief Executive Officer The Private Rented Sector Looking to the Future CIH London 28 June 2012 The National Landlords
More informationHOUSING REPORT WASHTENAW DECEMBER 2018
WASHTENAW DECEMBER 218 Washtenaw County Don t Delay Prices and Interest Rates Rising A shortage of affordable listings combined with rising interest rates will continue to give mid and entry-level buyers
More informationHas Brexit burst the British housing bubble?
Dorling, D. (2016) Has Brexit burst the British housing bubble? New Statesman Magazine, October 21 st, http://www.newstatesman.com/politics/uk/2016/10/hasbrexit-burst-british-housing-bubble Has Brexit
More informationREPORT - RIBA Student Destinations Survey 2014
REPORT - RIBA Student Destinations Survey 2014 There needs to be a stronger and more direct link between the architectural profession and the study of it as a subject at university. It is a profession
More information