Over 100,000 homes with planning consent yet to be developed

Despite the urgent need for more new build homes to help solve the existing housing crisis caused largely by a shortage of residential properties in relation to demand from buyers and renters, new research reveals that almost half of all new homes awarded planning consent over the past year have yet to be developed, fresh data shows.

According to figures provided by Barbour ABI, 238,000 residential properties were granted planning permission from September 2013 to August 2014, with contracts awarded accounting for only 129,000 units.This indicates a significant disparity between planning consents and builds getting underway on site.

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