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Call for next UK government to reform planning to help boost housing supply
{mosimageA leading campaigning group has warned that consistent deregulation and demoralisation of the UK planning system is putting the very fabric of towns, cites and the countryside at risk. In a pre-election manifesto the Town & Country Planning Association (TCPA) argues that there is a real danger that the planning system, a vital national asset, essential to the maintenance and well-being of the country, will soon be lost. In particular it is concerned that as housing supply continues to fail to keep up with demand good planning is needed more than ever. The manifesto calls for action in the first 100 days of a new government to restore the importance of planning as a key tool in delivering much needed new homes and communities. This includes taking steps such as creating a new legally defined purpose for planning based on sustainable development, the updating and effective deployment of New Towns legislation, and changing the National Planning Policy Framework to place social justice, equality and climate change at the heart of planning decisions. The manifesto additionally calls for better planning for cities and stronger measures to ensure that councils work together to meet housing need. ‘A new government must act to restore the prominence of planning as an essential element to create the new homes, communities and infrastructure that the nation so desperately needs. For the sake of our children and grandchildren, planning must be seen as a positive proactive force for good and must be placed at the centre of political debate,’ said Kate Henderson, chief executive of the TCPA. ‘At its best, planning has proved to be a powerful tool to bring forward sustainable growth, and to deliver multiple benefits to our society including certainty and confidence for businesses, democratic rights for communities and protection for our environment, heritage and biodiversity,’ she explained. ‘As we continue to battle with the nation's housing crisis, good planning is needed as never before to plan for and create the homes and communities we desperately need. However, the planning system as we knew it is being continually undermined and devalued though significant reforms and deregulation,’ she added. ‘Planning has lost all sense of the progressive social values that once lay at its core, and unless we are careful, is at risk of being destroyed altogether. The TCPA's position is simple: good planning makes better places,’ she concluded. Continue reading
RICS continues its expansion into African property sectors
The Royal Institution of Chartered Surveyors is continuing with its expansion in Africa which will result in more property sectors attaining international standards. In November 2013 RICS committed to expanding in three key countries in Sub-Saharan Africa: Ghana, Kenya and South Africa. It is also creating regional RICS hubs in east, west and South Africa. On top of this the global real estate organisation commissioned research into property markets in Sub-Saharan Africa, concentrating on the major driver states of South Africa, Kenya, Ghana, Nigeria and Tanzania. It examines opportunities and challenges in their real estate markets. It found that Ghana is experiencing rapid urbanisation and a growing middle class, expected to reach 1.6 million people by 2030 according to projections by Standard Bank. ‘This presents obvious opportunities in real estate as the need for housing, retail and commercial space increases,’ the report says, adding that the country’s construction sector accounted for 9% of GDP in 2011 and is growing steadily The Ghana Institute of Surveyors (GhIS) is positive about the trajectory the country is taking, but has raised concerns like the need for more skilled professionals in the sector. The GhIS-RICS co-ordinator in Ghana, Rosemargaret Esubonteng, said that the needs of surveyors in Ghana range from access to resources such as relevant literature, modern equipment and software to gaining experience on particular projects. ‘Working together with other professional bodies on the creation and adoption of International Standards, having joint Continuing Professional Development programmes and networking events will enrich the professional experience and outlook of surveyors,’ Esubonteng explained. She also pointed out that the RICS qualification is recognised worldwide, and so enables members to work across markets. In Ghana, it is a passport to international surveying opportunities, subject to meeting the necessary standards of technical expertise and ethical behaviour. The reciprocal agreement allows GhIS members to interact more closely and personally with RICS and benefit from its knowledge base and programmes. Members of both organisations have the opportunity of sharing experiences and gaining deeper global insights, as well as explore prospects of building strong partnerships to bid for international contracts in the region and beyond. The report says that Kenya is fast establishing itself the destination of choice for organisations wanting to set up regional headquarters in East Africa and with huge amount of ongoing construction there is a need for international standards. RICS has had a presence in South Africa for years. The South African real estate market is relatively mature and the institution is working with professional bodies such as the South African Council for the Quantity Surveying Profession and the South Africa Property Owners Association. But the report explains that even as Africa's most mature real estate market, South Africa still faces a shortage of skilled engineers, especially in the public sector. RICS currently runs a Diploma in International Arbitration that provides comprehensive training in this subject and is tailored to the specific needs of the South African market…. Continue reading
UK mortgage lending off to slow start in 2015
Gross mortgage lending in the UK reached £13.4 billion in February, 9% down on both January and on last February, the latest figures from the Council of Mortgage Lenders show. This is the lowest monthly estimate for gross mortgage lending since April 2013 when lending totalled £12.4 billion. The weaker lending figures have not come as a surprise to the industry. ‘Seasonal factors tend to weigh on activity at the start of the year, but looking through these, the underlying picture appears to be stabilising,’ said CML chief economist Bob Pannell. ‘We expect lending to improve in the coming months, as employment and earnings continue to pick up and the impact of recent stamp duty reforms start to feed through,’ he added. Peter Rollings, chief executive officer of Marsh & Parsons, believes that too much should not be read into the data as 2014 was an exceptional year and a formative one with major changes to the borrowing process. He said that 2015 marks a return to more normal patterns of behaviour as the new affordability measures introduced last year become part of the normal market. ‘Lending is only just getting into its stride at the beginning of the year, and it’s also a much longer process from start to finish now, so we’ll see more approvals race through as the market heats up later in the spring,’ he pointed out. ‘Buyer finances emerge much healthier for going through a more rigorous obstacle course. First time buyers have great cause for celebration with the new Help to Buy ISAs, whittled down stamp duty, generous mortgage rates, and plenty of supply on the market. All the elements are at work to up the ante in the housing market in the coming months,’ he added. Continue reading
