The number of planning and housing applications submitted in the UK has fallen dramatically over the past ten years.
The credit crunch affected the property market enormously. The proportion of new properties sold or advertised for sale went down, and the number of new mortgage approvals is down more than 50% since 2007. There is no money to build the numbers of affordable houses needed - and many people naturally don't feel comfortable selling up and entering into a volatile property market with no guarantee of sale or moving on quickly.
When it comes to extending your property or making changes, applying for planning permission could be the best way forward to maximise the potential of your assets. It can also add value to your property and provide extra opportunities in unexpected areas - contact us at Kingsley Smith Solicitors today to see how we may be able to help.
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