Housing

[superfurryhibby]

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Not related to land but interesting that a study shows that a house with planning permission can add around 100k to the value compared to if it didn't have planning. So 100k

https://www.introducertoday.co.uk/br...operty-prices/

Study – Planning permission can boost property prices

The biggest boost is in Bradford, where a home with planning permission sells for 52% more than those without – that’s an £81,789 rise.

Selling with pre-granted planning permission in both Birmingham and Bournemouth can also increase the value of a property by 51%. Both areas are also home to the highest premium in a financial sense at £106,674 and £159,049 respectively.

Not quite though is it

The house price premium associated with planning permission properties across these 20 major UK cities ranges from 1% to 52% but on average, homebuyers can expect it to increase property price expectations by 21% or £46,000.

However, the ability for a quicker build doesn’t have the same effect in every city. In both Plymouth and Nottingham, pre-granted planning permission only brings a 1% premium when looking to sell, while in Swansea it’s just 2%"

However you look at it. The planning process in itself isn't costing 100,000k per house. It may add significant value to land, but that isn't just due to the cost of planning is it? There obviously commercial factors at work.




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