Housing: New Homes - Question

Part of the debate – in the House of Lords at 2:37 pm on 11th February 2020.

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Photo of Baroness Berridge Baroness Berridge Baroness in Waiting (HM Household) (Whip) 2:37 pm, 11th February 2020

The noble Lord is correct that, once planning permission is granted—which can take about two years—it is in everyone’s interests, including the developer and the local community, that the site is built on. Last year, we saw more than 375,000 grants of planning permission. The noble Lord is aware that in 2018 Sir Oliver Letwin was asked to review whether there was a hold-up of what is called the build-out rate. His main conclusion was about the absorption rate of bringing large numbers of units into the local market. He recommended that we diversify the type of units on each site, so they can be put on the market in smaller groups, appeal more widely and not affect the market price.