Simplified Planning Process Will Aid Commercial Property Marketing
Government plans to simplify the change of use planning process for buildings will help property marketing campaigns for unoccupied commercial premises, industry pundits believe.
The planned changes to the planning process for this type of property are intended to provide some much needed fuel to the UK’s flagging property market, creating more affordable homes for those looking to step onto the property ladder, at the same time as helping vendors shift commercial premises that have ceased to be viable in their current usage.
Planning Changes Will Provide More Urban Development Opportunities
The changes are currently in the consultation stage, with commercial commentators being invited to offer their opinions until tomorrow (June 30th 2011) but officials hope that the move will bring a number of additional benefits including a reduction in greenfield site development and the provision of additional city centre living spaces.
Estate Agents Welcome Planning Change Proposal
And while potential buyers are warned by the National Association of Estate Agents to do their homework in advance of committing to a property of this kind, property marketing professionals are welcoming the move that will allow them to widen their net when seeking buyers for business buildings.
Speaking on behalf of the respected property marketing professional body, NAEA chief executive Peter Bolton King said: “Theoretically the Government’s decision to bring in this crucial change to planning regulation will provide a much cheaper alternative to new build properties. It will also go some way to solving the problems that commercial property owners face, particularly those being hit with high business rates for buildings that no one occupies.”