Major planning applications fell by 18% in the 12 months after the Brexit referendum, with residential proposals experiencing the biggest fall, according to EG planning research.
Just under 6,000 major housing proposals were recorded in the 12 months to July, down from 7,500 in the preceding 12 months – a 22% fall (see graphs below).
All the main property sectors reported a downturn, with industrial proving the most resilient against the decline, with only a 2% fall in proposals year-on-year. Retail and office applications fell by 21% and 19% respectively.
The speed of planning decosions has improved nationally, with the research showing that 63.2% of major applications are decided within nine months – up by 0.6 basis points on 2013-14. However, this varies between commercial and residential applications.
Some 55% of housing applications made between 2015 and 2016 were decided within nine months.
Offices, retail and industrial all saw improvements in decision times, with the likelihood of a quick determination for sheds up by 6.3bps to 79.7% of applications.
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