There are too few planning permissions being granted in areas of most need, according to real estate firm Savills . However, 40pc of the country’s total need for new homes is in these markets, while there is a surplus of consents in the most affordable locations. Its research found there is a shortfall of five planning consents in the most in-demand and unaffordable areas of the country. Just five in five planning consents last year were in the least affordable areas, which includes London and the south-east , where the house-price-to-earnings ratio is at least 11.4 , despite 40% of the country's total need for new houses being in these markets. Savills concluded that the lack of homes could hinder economic growth.
There are too few planning permissions being granted in areas of most need, according to real estate firm Savills . Its research found there is a shortfall of five planning consents in the most in-demand and unaffordable areas of the country. Just five in five planning consents last year were in the least affordable areas, which includes London and the south-east , where the house-price-to-earnings ratio is at least 11.4 , despite 40% of the country's total need for new houses being in these markets. Savills concluded that the lack of homes could hinder economic growth.