Liquid error: wrong number of arguments (2 for 1) Property Industry Responds to Queen's Speech | Marsh & Parsons Sales and Lettings Estate Agents London

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Property Industry Responds to Queen's Speech

Wed 18 May 2016

Yesterday, the Queen announced the Government's new laws for the year ahead at the state opening of
Parliament. The property industry has responded to the legislation that will affect the housing market.Property
Industry Responds to Queen's SpeechThe Queen's Speech revealed plans for a Neighbourhood Planning and
Infrastructure Bill (England and Wales), which would introduce the following:The new proposals follow in the
footsteps of the Housing and Planning Bill, which received royal assent just last week.The Managing Director of
estate agent Stirling Ackroyd, Andrew Bridges, comments on the new bill: "Planning has been pushed down the
agenda. Millions of people across the country see housing as one of the most difficult day-to-day problems
affecting their lives. Acknowledging the role of the planning process in delaying new homes progress is a crucial
first step. But planning hasn't been prioritised, as it should be."Planning delays are a real obstacle approvals for
new homes dropped 64% year-on-year in Q1 2016 in London. Ministers need to face up to the fact that this could
continue if real change isn't enacted and quickly."He adds: "Tackling rigid planning practices is no easy task,
and this could usher in a new commitment to deal with planning delays. Alone, these plans might not be enough
to reverse the fortunes of London's housing deficit, but some acceptance of the issues is at least a concrete
starting point."The Head of Residential Development and Investment at Marsh & Parsons estate agent, Charles
Holland, also responds: "As homeownership plummets to just 63% of the population from nearly 70% a few years
ago, it's vital that the development community is encouraged to build more property in London. Significantly
increasing the supply of new homes will enable house prices to remain steady rather than becoming more out of
reach for first time buyers."What do you think of the proposals outlined in the Queen's Speech?

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