Search Acumen comments on MHCLG Q2 Planning Application Statistics

Caroline Robinson, Commercial Real Estate Business Development Manager at Search Acumen, comments on MHCLG Q2 Planning Application Statistics.

Read more about the Q2 Planning Application Statistics.

“Today’s government figures show that 2019 is turning out to be one of the worst years for planning applications since the Financial Crisis. While this is worrying, it should not be all that surprising. Given the political and economic morass the Brexit debate has left the market in, it is only natural that real estate developers are not willing to expose themselves to further risk.

“Commercial real estate planning and development can be a slow and complicated process at the best of times. The wait-and-see approach planners, lawyers and developers are being forced to take is not only holding up developments, but it’s also hindering much-needed investment into processes and technology that could create efficiencies through the whole supply chain.  Westminster needs to demonstrate leadership. The industry can’t be expected to build on sands shifted by political tides.”

Kindly shared by Search Acumen