Homeowners choose to improve rather than move

Homeowners choose to improve rather than move

Rising house prices have caused the number of planning applications to increase across all areas of the UK.

According to construction consultancy Barbour ABI, there has been an average rise of 6% in the number of applications submitted over the past two years, indicating that in a market where prices are soaring, people are opting to improve their current home rather than relocate.

In areas such as Cambridge where growth in house prices had been significant, the leap in planning applications was even higher.  Over the same two-year period, it ranked third for the greatest number of planning applications submitted, rising by 51%.

The applications which Barbour gathered their data from all related to residential properties. Although amendments such as loft extensions contributed to the results, not all changes under permitted developments rights were, even if small.

Also reflected in the report was the level of home improvement activity being affected by changes in the economy. Consumer confidence or doubt can greatly impact how many planning applications are submitted, indicating that along with prices, economic certainty also causes the number of people making improvements to their home to increase.

Commenting on the resilience of the market despite Brexit concerns was chief executive of the Federation of Master Builders, Brian Berry. He stated: “Demand for home improvement work is particularly vulnerable to dips in consumer confidence, but at present, there’s no sign of a negative Brexit effect.

“Despite gloomy predictions from many economists in the run up to the EU referendum last summer, construction SME workloads have not only held up, they are in rude health.”

However, it is important to note that although levels of home improvement have grown, there remains a significant difference in the figures recorded in the north and south of the UK.

At the top of the list of the list was London’s Kensington and Chelsea which saw the country’s greatest number of planning permissions; 6.8 out of every 100 private homes. Despite ranking in 84th place, Harrogate was the highest placed northern location in terms of planning permissions requested – indicating the contrast between the two halves of the UK.

Georgia Owen

Georgia is the Content Executive and will be your primary contact when submitting your latest news. While studying for an LLB at the University of Liverpool, Georgia gained experience working within retail, as well as social media management. She later went on to work for a local newspaper, before starting at Today’s Conveyancer.

Leave a Reply

Your email address will not be published.

X