Only 20pc of planning consents in 2016 were in the most unaffordable places, where the lowest priced homes are at least 11.4 times income. 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 90,000 planning consents in the most in-demand and unaffordable areas of the country. Just one 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. The government has promised that it will increase its efforts to encourage more people into home ownership.
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 90,000 planning consents in the most in-demand and unaffordable areas of the country. Just one 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. The government has promised that it will increase its efforts to encourage more people into home ownership.