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New build property for full time residents only
Comments
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But for how long and is the restriction only for the first owner.
If only for a period, then there will just be lots of sales of these properties at that point to holiday home owners and you have solved nothing.
If it is an everlasting restriction, then a two tier market that owner's of the restricted homes will never be able to buy their way out of.
The restriction could be forever. It would depend on what conditions were specified when planning permission was granted.
As I pointed out earlier in this thread, we already have housing that is subject to an agricultural occupancy condition, we already have housing that is subject to a holiday occupancy condition. And there are also even councils who impose local occupancy conditions. All are enforceable and have indeed led to the development of 'two tier markets', and yet life goes on.0 -
But for how long and is the restriction only for the first owner.
If only for a period, then there will just be lots of sales of these properties at that point to holiday home owners and you have solved nothing.
If it is an everlasting restriction, then a two tier market that owner's of the restricted homes will never be able to buy their way out of.
you may find this interesting as an example; some of the restrictions that apply in the Lake District
http://www.southlakeland.gov.uk/EasySiteWeb/GatewayLink.aspx?alId=38774
or
http://www.hackney-leigh.co.uk/pages/local-occupancy-clauses0 -
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thank you I have corrected that (I hope)
Yup, good work.
We have a local qualification for land purchases on big buys but it seems to be rarely if ever observed. The Chinese just bought one of these million acre+ areas of marginal land (seriously million acre farms exist in Aus) and there's been an amount of uproar about it. I'm quite relaxed: if they play silly beggars the Government can nationalise it in extremis and it's not like they can ship it to China!0
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