NFFP Lax Planning coming back to bite housing

Rob discusses the impact of the Tory planning reforms in the UK housing market. The National Planning Policy Framework (NPPF) has removed mandatory house building targets and reduced the land supply councils need to allocate for housing. This has led to a decrease in planning permissions and an increase in rejected applications, ultimately exacerbating the housing crisis. The episode highlights the challenges of increasing housing supply and the potential political undertones influencing these decisions.  KEY TAKEAWAYS UK housing market is facing challenges due to Tory planning reforms that have reduced land supply for housing. The National Planning Policy Framework (NPPF) has led to a decrease in planning permissions, exacerbating price movements in the housing market. There is a lack of progress in meeting the target of building 300,000 homes a year by the mid-2020s, leading to frustration among stakeholders. The government's policies, including the MPPF, are seen as contributing to the restriction of new housing developments by local authorities. Increasing housing supply is crucial to address the high demand and affordability issues in the UK property market. BEST MOMENTS "Increasing the supply of housing is very, very useful. But what this policy framework has done is having the opposite effect." "Maybe the government wants to keep the backbenchers happy and remove smaller house builders to eliminate competition." "The MPPF has given local authorities more leeway to reject new housing, exacerbating the situation." "It's becoming increasingly challenging to rent, build, or buy a home in the UK, all stemming from Westminster's policies." VALUABLE RESOURCES https://www.msn.com/en-gb/news/uknews/uk-housing-developments-axed-as-tory-planning-reforms-take-effect/ar-BB1kfWyE?cvid=87088dd65b9744d9a41133bf87f4451d&ocid=winp2fptaskbar&ei=3&sc=shoreline GET YOUR DEVELOPMENT FINANCE HERE: https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast WEALTH BUILDERS https://www.wealthbuilders.co.uk/propertynomad ABOUT THE HOST Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s. BOOKS  Property FAQs = https://amzn.to/3MWfcL4   Buy To Let: How To Get Started = https://amzn.to/3genjle   101 Top Property Tips = https://amzn.to/2NxuAQL   WHERE TO FIND US https://linktr.ee/thepropertynomadspodcast uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast