New Housing Bill powers
- 7th November 2007
- Buying Property News
The Government included some key housing bills in the Queen’s speech designed to have a positive affect on the supply of property.
Housing Bills of particular interest were the Planning and Reform bill and the Housing and Regeneration bill which together have the capability to have a huge impact on the housing market.
The Planning and Reform bill is designed to speed up the approval of major building projects in the UK, while the Housing and Regeneration bill will merge the English Partnerships and the Housing Corporation into a new Homes and Communities Agency.
This announcement will support the Government’s intention of alleviating the present housing shortage and increasing the supply of social housing, though there is doubt in some areas that the new body will have insufficient power to meet the demand of the market.
Luke Herbert from Royal Institution of Chartered Surveyors says: “The current fixation on housing numbers could overshadow the regeneration focus of the merged body. Communities are more than houses and flats, people must also be able to work, socialise and live their lives within a safe and attractive environment, something the merged organisation would be well placed to do.”
The current fixation on housing numbers could overshadow the regeneration focus of the merged body.
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