N@N

The 'perverse' red tape scuppering 160,000 homes - and sending prices soaring

The article from MSN discusses the significant bureaucratic obstacles in the UK housing market, which are preventing the construction of approximately 160,000 homes. These delays are primarily due to complex planning regulations and a lack of sufficient planning officers, leading to a backlog in processing applications. This red tape not only slows down development but also contributes to soaring house prices as demand outstrips supply. The article highlights that the shortage of planners has resulted in a 25% increase in planning fees, yet the system remains under-resourced and inefficient. Critics argue that these issues are exacerbated by local opposition to new developments, often termed "NIMBYism" (Not In My Backyard), and a convoluted appeals process that further delays projects. The government's attempts to reform the planning system have been met with resistance, and without significant changes, the housing crisis is expected to worsen, pushing homeownership further out of reach for many.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/the-perverse-red-tape-blocking-160-000-homes-and-sending-prices-soaring/ar-AA1vjCf4 ]