Commercial property turn into residential with no planning permission needed.

Running_Horse

Yes and no. Should the American taxpayer fund non-jobs in every declining rust-belt city? Or should unemployed people move to where the jobs are? I heard somewhere they are talking about letting large parts of Detroit revert to nature, which might make it very attractive to live surrounded by greenery.

Milla_2

novazombie wrote: »

So why are they saying another quarter of a mil residential properties being added to the market with this change?

It has to be easier and more will get turned into flats.

250,000 comercial places turned into blocks of flats is just an estimate. I think it will be far more than that this year alone.

vivatifosi

Milla wrote: »

250,000 comercial places turned into blocks of flats is just an estimate. I think it will be far more than that this year alone.

We need to make sure we're getting the units right here. The estimate was for 250,000 residential units, not 250,000 commercial ones. A doctors surgery may convert into a few flats, a pub a couple of nice houses, a 20,000 sq ft office could potentially make 30-50 residential units depending on size and useable space. You don't need 250,000 commercial buildings to yield 250,000 residential spaces.

Milla_2

vivatifosi wrote: »

We need to make sure we're getting the units right here. The estimate was for 250,000 residential units, not 250,000 commercial ones. A doctors surgery may convert into a few flats, a pub a couple of nice houses, a 20,000 sq ft office could potentially make 30-50 residential units depending on size and useable space. You don't need 250,000 commercial buildings to yield 250,000 residential spaces.

Maybe we will see its all estimates.

Whatever the figures are, more residential properties added to the market is a good thing. More downward pressure on house prices.

Mallotum_X

Milla wrote: »

Maybe we will see its all estimates.

Whatever the figures are, more residential properties added to the market is a good thing. More downward pressure on house prices.

Surely most of the new properties will end up as 1 bed flats in empty 1960's town centre office blocks. The odd pub conversion or something like that wont havemuch impact on the more desireable property/areas.

The lack of PP may end up with ugly office blocks becoming ugly flat blocks - great!

lynzpower

Maybe a way of offloading "nine elms" as the postal is closing and there are a number of gov owned empties around there as well. Boris wants the area to br regenerated maybe this is the answer (

lynzpower

Milla wrote: »

250,000 comercial places turned into blocks of flats is just an estimate. I think it will be far more than that this year alone.

I dont to be honest, bloks of flats are taking a long while to shift its not 2007 any more lol

The developers still need to hve the money to buy the site
then convert it
then sell them
Is there really the demand for small flats nowadays?


I think fine if the LA converts that community centre into a couple of large flats and then let them via thier HPU this will be a brilliant opportunity.

lynzpower

Running_Horse wrote: »

Yes and no. Should the American taxpayer fund non-jobs in every declining rust-belt city? Or should unemployed people move to where the jobs are? I heard somewhere they are talking about letting large parts of Detroit revert to nature, which might make it very attractive to live surrounded by greenery.

Agree, although ofbviously there is a major contaminated land issue in detroit which may well thwart farming activity in the medium term although I have seen some amazing projects.

We cannot compare our cities with america so we should not try, they have a lot more surplus land than we do, expansive vacant lots in major cities, well it just wouldn't happen here really.

vivatifosi

Could be good news for Punch Taverns too:

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/8396468/Punch-Taverns-to-sell-3000-pubs-and-split-in-two.html

Cleaver

Milla wrote: »

Whatever the figures are, more residential properties added to the market is a good thing. More downward pressure on house prices.

How come throughout the 2000s, when new build flats and warehouse conversions were flying up quicker than you could say "homes under the hammer", houses prices still got higher and higher and higher?