In the year 2013-2014, the designated green belt area in England was estimated at approximately 1,638,610 hectares; which is around 13% of England’s land area. (England has 14 green belts in total)
However, it has been recorded than there has been an overall reduction of 540 hectares in green belt area between 2012-2013 and 2013-2014.
All in all, analysis conducted by the BBC suggest that the rate at which housing is being approved on greenbelt has escalated by five times in the last 5 years.
Digging out previous reports, during the year 2009-2013, 2,258 houses were granted planning permission. The figure then rose to 11,977 in the year 2014-2015. Infact, last year alone saw the number of green belt approvals, double.
The local authorities are pressurizing the government to relax policies on greenbelt as reports suggest the need of 250,000 homes annually to solve Britain’s housing shortage and satisfy housing demand.
It is without a doubt that post-elections and the Queen’s speech, the housing issue has come under a magnifying glass and actions will be taken. Now is the time to invest in land to see the best returns as the value for land is sky rocketing as the demand for housing is surging.
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