Mar 07, 2014 11:18 GMT Keatons
UK HOUSING SHORTAGE
AE Marketing SolutionsApr 30, 2011 09:14 BST
IT’S GOOD NEWS for investors say Asset Land Inc.
With the Government acknowledging the shortage of housing in the UK, they are actively encouraging new building developments via different means which can only mean good news, say Asset Land Inc.
By recognising the ever increasing gap between the supply of, and demand for new homes, the Government's top priority is to reform the planning system to encourage sustainable economic growth and jobs.
Asset Land Inc have developed a simple process to purchase plots of land for sale in prime locations for their investors. They have several opportunities across the UK and have stripped away the complexity of buying plots for sale.
As part of the Big Society, the Government will shift control of house building from central government to local authorities and the community.
Instead of seemingly working against the communities and their wishes by imposing new housing, these local authorities will work with local people to reach fairer decisions. This will provide better control over the way in which their villages, towns and cities develop.
This is all part of the Community Right to Build under the Localism Bill, which was published at the end of last year. It gives groups of local people the power to deliver the development that their local community wants through a local referendum.
Gary Collins, Director of Asset Land Inc said, “This new right removes barriers that have previously prevented local people taking forward development, for the benefit of the community.
“The housing market has been left standing over recent decades and not kept up with the needs of the UK’s growing population so something radical needed to be done to tackle the problem.
“There is an apparent shortage of new homes being built so it’s good news, not only for the construction industry and our investors but also for economic growth as a whole now that the Government has committed to meet Britain's housing needs”.
This will be resolved by increasing housing supply and providing more homes that people want; in the places where they want them.
The Government point out that the clear expectation is for the answer to development and growth, wherever possible, to be 'Yes'! As with everything of course, there are exceptions and this is where development would compromise the key sustainable development principles, as set out in national planning policy.
According to the Government’s Community website, Pat Ritchie, chief executive at the Homes and Communities Agency said, "We are leading the way by making more land available for development through a range of options that will help developers get on site more quickly and help communities access the homes, amenities and public space needed in their local area."
Speaking before March's Home Builders Federation Policy conference, executive chairman Stewart Baseley said, "The Government simply must address the acute housing supply crisis. The public sector owns around 40 per cent of potential residential land so we need to see the process quickly accelerated."
Local authorities will be encouraged to deliver sustainable development where it's needed and wanted, so that communities can really benefit from housing growth.
The Chancellor set out further commitment to introduce a strong presumption in favour of sustainable development, which will not only expect local planning authorities to plan positively for new development but to grant promptly all applications that comply with up-to-date plans and national planning policies. It also then goes further to state that, wherever possible, local authorities are to approve applications even if the plans are absent, out of date, silent or indeterminate.
These reforms are all welcomed by Asset Land Inc who have long since recognised the shortfall in housing.
Asset Land Inc provide opportunities by identifying strategically placed sites with investment potential in areas where a genuine need for new homes exists. With the Governments new policies, this is a very exciting prospect.
Then, following a due diligence process, they divide their sites into building-sized plots.
Finally, these plots are offered to individuals who are looking to get a foothold in the UK land investment market.
All property acquired by Asset Land Inc is Government regulated and is in the UK, so whether you are a first-time investor or a wealth management company looking to increase your portfolio, contact Asset Land Inc on 0207 590 3187 or visit their website at www.assetlandinc.com for more information and to see current investment opportunities.