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Asset Land Investment PLC - South Godstone Surrey , Godstone Green Surrey, UK Land Sale. Asset Land Investment PLC - South Godstone Surrey , Godstone Green Surrey, UK Land Sale.
 
 

Press Release

BBC

Prescott urges rethink on housing

Deputy Prime Minister John Prescott has called for a dramatic change in the rate of home building to meet demand and rein in house price inflation.
Mr Prescott, who has overall control of housing policy, suggested that planning regulations may have to be revised.

He said that rural groups always opposed plans to build on greenfield sites even when they were the most suitable places, such as when near road or railway links.
"What are they suggesting? That I say to people in the South East they catch the train to Hull where they are knocking down houses? They must face up to reality," he said.
The construction programme could involve building as many as 260,000 homes per year for a decade.

Squatter handed deeds to £3.5m plot on the Heath
Most of the Green Belt would not be affected by new building plans

BBC

Prescott to outline housing plan

The demand for new housing continues to grow, and that has forced the government to take action and address the issue.

But that sometimes means building on greenfield sites.
In March 2004, a report by the treasury estimated that well over 100,000 new properties would have to be built each year just to match demand.

Squatter handed deeds to £3.5m plot on the Heath
More than 100,000 new homes are needed to keep with demand

BBC

England planning overhaul urged

England needs a new national planning body to have the final say on major infrastructure projects such as power stations, a report has said.

The Barker Review also calls on local authorities to allow more building in green belt boundaries in their areas. The study also says that England's planning system must be
made both quicker and simpler, and the appeals process needs speeding up.

Yet critics of the current planning system, especially companies, have long said the creation of a new national planning body is vital. They argue that, at present, some local
councilors are ducking difficult planning decisions in the face of political pressures, such as strong local opposition to a new housing scheme.

The report's key author, economist Kate Barker, points out that contrary to public perception just under 13.5% of England is actually developed, while the green belt
surrounding cities covers almost 13% of the country. "Regional and local planning bodies should review their green belt boundaries to ensure they remain relevant and
appropriate."

The Barker Report further calls for the planning system to resume presumption in favour, meaning that an application should be approved unless there is strong reasons against it.

Manufacturers' organisation EEF welcomed the Barker Review;"This report lays down the
gauntlet for a major overhaul of a planning system so that it meet the needs of a modern economy and supports economic growth," said EEF director general Martin Temple.

"Government should move to implement its recommendations as a matter of urgency."
The CBI also backed the report, saying business had been "badly hampered by the slowness and uncertainty of the current process".

Kate Barker is a member of the Bank of England's interest rate-setting Monetary Policy
Committee. The report was commissioned by the Treasury.

Squatter handed deeds to £3.5m plot on the Heath
"Planning bodies should
review their green belt
boundaries to ensure they
remain relevant and
appropriate"
Barker Report

Guardian

Call for green belt rules to be scrapped

Hilary Osborne and agencies
Wednesday January 24, 2007

The designated green belt land that has protected fields and open space around towns and cities for decades should be abolished, a think-tank said today.

A report for the Policy Exchange said scrapping the 70-year-old rules would provide space to develop greener towns that were "safer, cleaner, more comfortable and ... more environmentally friendly".

Around 13% of land in England is currently designated as green belt.
The report's authors, Alan Evans and Dr Oliver Marc Hartwich, said this artificial reduction in the amount of land available for development had severe consequences for society, the environment and the economy.

Writing in today's Guardian, Dr Hartwich said the green belt rules were "an unnecessary
condition".

"Far from being an urbanised country, only 10% of the UK's land mass is developed - far less than in countries of similar population density," he wrote.

Today's report follows three previous publications in which the same authors argued that most of the problems with the housing market - including low supply, high prices, overcrowding - could be attributed to the planning system.

Its recommendations about green belt land echo those made by the economist Kate Barker last year when the Treasury asked her to look at ways of tackling the shortage in housing supply and promoting economic growth.

She argued that developing currently protected land around cities would be less environmentally damaging than building elsewhere because people would have less distance to travel to work.

A spokesman for the Department for Communities and Local Government said the
government was considering its response to the Barker review and would publish it
later this year.

 
 
   
Asset Land Investment Plc, 33 Cavendish Square, London W1G 0PW. Tel: 020 7493 0500 - Fax:020 7493 0550 Contact Us

Asset Land Investment plc ("Asset Land") is not authorised or regulated by the Financial Services Authority or any other regulatory body.  Asset Land does not give investment advice or offer regulated investment products to the public.  Asset Land offers parcels of land for sale.  Having sold the land, Asset Land does not pursue re-zoning or planning permission and as such does not carry on any regulated activities under the Financial Services and Markets Act 2000.  Neither Asset Land nor any person connected with it will have any role in pursuing re-zoning or planning permission, either in respect of individual parcels of land or a site as a whole, as a way of increasing the value of the land.  Asset Land gives no guarantees that land will in the future be re-zoned for development purposes or that planning permission will be granted.  The value of land and any income from it may go down as well as up and you may not get back the original amount invested.  Past performance is not a guide to the future.


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