Land Development
It’s About Location
When Planning Authorities receive proposals for developments (both at the reallocation and at the planning permission stages), their key consideration is one of ‘need’.
In other words, if new housing is not required in the area in question, and assuming the development does not preface a wider goal (e.g. regeneration), then planning authorities are unlikely to award permission to build.
But equally, if there is a need for housing in the region, then planning authorities will always consider proposals.
Therefore, any potential land investor should regard the location of the land in which they invest as one of their foremost concerns.div>
Specifically, investors should ask the following questions:
- In which part of the country is the land? Is it a growth or ex-growth region?
- Where is the site located relative to existing residential development? Is it logical for the town or community to grow in the direction of the site?
- Is the site in a ‘development moratorium’ (an area zoned where planning is totally prohibited) or is it in ‘priority regeneration area’ (an area zoned where new house building must be focused)?