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Property planning rules to soften

19 March 2011

The Government is set to announce measures in the Budget to make it easier for companies in England to convert commercial property into private dwellings.

The government says this should result in up to 250,000 additional houses or flats being created.

The plan would require changes to existing legislation.

The new rules could be in place before the end of the year.

They would not apply to shops.

The plan has been welcomed by the British Property Federation.

Last year, some 129,000 new housing units were built in England.

That is the lowest peacetime figure since 1923.

Almost 10% of commercial properties currently lie vacant.

 

 

 

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