UK Asking Prices Fall While England Loosens Planning Rules for Housing
Asking prices for newly listed homes in Britain's richest borough dropped significantly, while Housing Secretary Angela Rayner announced a 'default yes' planning approach for new homes near transport hubs.
- Average newly listed asking prices in Britain's richest borough fell by nearly £100,000 in a month.
- Rightmove reported a national 2% drop in newly listed asking prices, the largest August drop in eight years.
- Housing secretary Angela Rayner announced a 'default yes' planning approach for developments near transport hubs, including green belt sites.
Sources
- The Guardian — Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month
- The Guardian — Loosening of planning rules in England to allow more new homes near stations
- BBC — Changing pubs into homes to be made harder under new rules
- The Guardian — Angela Rayner moves to protect pubs from being turned into houses or offices