Press releases

The final piece in the new homes jigsaw

Autumn Statement

3 December 2014

John Adams, head of planning at Deloitte Real Estate, comments on the direct commissioning of new homes announced in today’s Autumn Statement:

“The announcement of ‘direct commissioning’ of new homes in the Government’s pilot project at Northstowe could be the final piece in the jigsaw for delivering the annual requirement of 230,000 homes.  

The National Planning Policy Framework established the presumption in favour of sustainable development and required local authorities to demonstrate a five year housing land supply. The new homes bonus and loans to house-builders from the Getting Britain Building and Home Start programmes provided fiscal incentives to local authorities.

We are now seeing the direct commissioning of new homes. Targeting public sector owned land will address delays caused by a combination of the planning process and viability issues on many privately owned sites. A key advantage will be the ability of the Government, and the Homes and Communities Agency, to take a longer term view on the returns from major developments, including land value. This will speed up the delivery of housing, including affordable homes.  

Direct commissioning could also support the delivery of new garden communities, such as Bicester, which will be well placed to absorb demand for homes from cities with growing economies.”

Visit our dedicated Autumn Statement website

 

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Notes to editors

About Deloitte Real Estate

Deloitte Real Estate redefines the concept of a full-service real estate business, offering a breadth of capability and an innovative approach unequalled in the market.

Our team combines traditional property services with financial and business advisory expertise to deliver integrated solutions on the most simple assignment to the most complex. We apply a depth of insight drawn from our understanding of all industries and sectors to advise occupiers, lenders, investors and the public sector on every aspect of real estate in an increasingly complex world.

About Deloitte

In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.

Sue Gibson
Deloitte LLP
+44 (0) 20 7303 3156
+44 (0) 78 5539 9368
sugibson@deloitte.co.uk

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