England and Wales 258,000 homes short warning
Published by Max Salsbury for 24dash.com in Housing and also in Development
Standard housing pictureImage: Housing via Shutterstock
England and Wales is facing a shortfall of over 258,000 homes over the next four years due to a lack of readily available sites, a new report has warned.
Published by planning consultancy Turley, the report examines the published five-year housing requirement and land supply position of the 318 local planning authorities (LPAs) in England and Wales (excluding London) between April 2013 and April 2018.
It shows that according to approved plans England and Wales will require at a minimum 1,197,000 new homes over the next four years.
The report reveals that LPAs claim to have land available for around 939,000 of these homes - leaving a substantial shortfall of at least 258,000 homes.
John Acres, Turley director, said: “Local authorities are required under the National Planning Policy Framework (NPPF) to identify and update annually a supply of specific deliverable sites sufficient to provide five years’ worth of housing against their objectively assessed housing requirements.
"Our research and report shows that at least 211 of England and Wales’ 318 planning authorities fall short of their five-year land supply targets.”
Housing requirements, declared supply and shortfall by region
Mr Acres added: “The majority of LPAs are falling short of their minimum five year housing land supply requirements, and this has significant implications for the pace of economic recovery. It is also likely to impact affordability for first time buyers wishing to enter the market."