Key planning updates in the property sector
Our key planning updates timeline offers a month-by-month overview of the most significant announcements from Government housing bodies from January to June 2024.
While numerous updates and consultations are announced and introduced throughout the year, we have selected one key highlight from each month to provide a snapshot of the varying developments that have occurred over time.
Of particular interest is the implementation of the Biodiversity Net Gain (BNG) and a reduction in the number of planning applications in the first quarter of 2024.
Whilst BNG is generally a positive step forward for regenerating biodiversity, many believe that the net gain of 10% is low, and that the scheme would have greater impact were this to increase. With regards to the reduction in planning applications, this could be attributed to the increasing use of permitted development rights, which enable homeowners to extend their properties without formal planning applications.
Lewis Ratcliffe, Business team Partner
How can Price Bailey support you?
Our property experts at Price Bailey work closely with residential, non-residential and commercial landlords, property companies, construction companies, not-for-profit housing associations and student housing companies. We understand the pressures different types of companies within the property sector face and provide targeted support to navigate these challenges. If you operate in the sector and are interested to find out more about how we can help you, please fill out an enquiry form below and we will be in touch soon.
We always recommend that you seek advice from a suitably qualified adviser before taking any action. The information in this article only serves as a guide and no responsibility for loss occasioned by any person acting or refraining from action as a result of this material can be accepted by the authors or the firm.
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