Tag Archives: facebook
Irish property market recovery leads to boost in planning applications granted
In yet another sign that the residential property market in Ireland is recovering, planning permission for new dwellings increased by over 95% in the final quarter of 2015. The data from the Central Statistics Office show 4,017 applications were permitted compared with 2,057 units for the same period in 2014, an increase of 95.3%. A breakdown of the figures shows that the permissions were granted for 2,754 houses in the fourth quarter of 2015 and 1,905 in the fourth quarter of 2014, an increase of 44.6%. In terms of apartments some 1,263 units were granted compared with 152 units for the same period in 2014, an increase of 730.9%. One off houses accounted for 22.7% of all new planning permissions granted in the final quarter of 2015, the data also shows. The total number of planning permissions granted for all developments was 4,470. This compares with 3,504 in the fourth quarter of 2014, an increase of 27.6%. Total floor area planned was 1,468 thousand square metres in the fourth quarter of 2015. Of this some 40.9% was for new dwellings, 46.8% for other new constructions and 12.3% for extensions. The total floor area planned increased by 94.7% in comparison with the same quarter in 2014. Planning Permissions for new buildings for Agriculture increased to 420 on the quarter compared to 165 permissions in the same quarter of 2014. Continue reading
Research shows majority of UK parliamentarians support planning fees rise
Some 61% of MPs in the UK broadly agree that planning fees should increase and almost half 47%, say they should increase with stronger guarantees on planning performance. Indeed, MPS from all political parties support fees being changed, according to a new poll commissioned by the British Property Federation (BPF). Some 65% from the Labour party and 61% from the Conservative party support an increase in fees. The BPF says that the results show that Parliamentarians recognise that there is a problem, alongside the property industry and local authorities. The BPF and GL Hearn’s 2015 Annual Planning Survey revealed that 55% of local planning authorities perceived under resourcing to be a significant challenge, and that 65% of applicants are happy to pay more to shorten waiting times. The government has taken some steps to address this problem, proposing to allow local authorities to outsource the processing of planning applications and to reward well performing local authorities by allowing them to increase planning fees by an inflationary increase, but the BPF has warned that these steps will not go far enough. Responding to a government consultation on the technical planning changes set out in the Housing and Planning Bill, the BPF has welcomed the government’s recognition of the fact that local authorities ‘are struggling to provide the service required by applicants’, but cautions that the measures suggested will not be enough to plug the skills gap. ‘The public and private sectors have both been very clear about the need for more resourcing in local authority planning departments, and we now know that there is political understanding of this issue as well,’ said Melanie Leech, BPF chief executive. ‘We are supportive of the small steps that government is taking to address this, but are not holding out hope for any great impact. Some local authority planning departments are simply short staffed, putting those who remain under enormous strain,’ she explained. ‘Outsourcing the processing of planning applications is likely to relieve this burden to an extent, but it is not going to solve the chronic shortage of skills and resource that is the true problem,’ she added. Meanwhile, land broker Aston Mead is advising councils without up to date local housing plans in place to act quickly before the Government steps in to write their plans for them. Local authorities have been given until March 2017 to produce a local plan in accordance with the National Planning Policy Framework (NPPF), which was introduced in 2012. However, with less than a year to go, recent research suggests that fewer than a third of local planning authorities outside London have an up to date NPPF compliant plan. ‘It’s absolutely incredible that with the deadline looming large on the horizon, so few councils have got their act together. By next year they will have had five years since the introduction of the NPPF and yet the vast majority have still to… Continue reading
Office space demand increased across major Australian markets in first quarter
Demand for office space across major Australian markets is on the rise in 2016, according to new data from Colliers International. According to the firm’s latest Office Demand Index, a total of 507,799 square meters of demand was recorded in the first quarter of 2016, a 33% increase from the fourth quarter of 2015. Large businesses looking for more than 3,000 square meters of office space accounted for over 50% of the total area enquired for in the first three months of 2016, while representing just 9% of the total number of enquiries, by volume. Small businesses looking for 1,000 square meters or less accounted for almost 80% of the total number of enquiries recorded in the first quarter this year. ‘We have found that compared to this time last year, on average, businesses are enquiring for more space,’ said Simon Hunt, Colliers International managing director of office leasing. ‘On a national level, the average area enquired for as of the first quarter of 2015 was about 888 square meters. In the first quarter of 2016 it increased to 1,050 square meters,’ he added. Notable increases were recorded in Brisbane, where average size required increased to 1,287square meters in the first quarter, up from 774 square meters in the first quarter of 2015, and Canberra, which recorded a significant jump in average size enquired for from 1,167square meters to 1,942 square meters. There was also an increase in average size requirement in the Sydney CBD, from under 1,000 square meters in the first quarter of 2015 to over 1,600 square meters in the first quarter of 2016. Locations that saw a small drop in average size included Sydney Metro and Melbourne CBD. ‘This quarter, we have seen the greatest number of large businesses enquire for office space in almost 10 years, which has contributed to the increase in the average area currently in demand,’ Hunt said. ‘This trend is also flowing through to transactions. In the first quarter of 2016, we have seen an increase of more than 15,000 square meters or 22% in the amount of office space leased. Larger businesses are doing the deals at the moment and this is showing up in both transactional and demand data. In the coming months, we expect smaller businesses will also increase their activity,’ he added. According to Simon Crouch, Colliers International head of tenant advisory, much of this smaller demand had been created by the compulsory acquisition of buildings associated with the Sydney Metro project. ‘Since February 2016 we have been appointed by 10 businesses averaging 300 square meters in size who require expert advice to help them through the relocation process,’ he pointed out. Continue reading
