Borough back to drawing board to meet homes target
Original Article Summary
Rotherham councillors must devise a new Local Plan to meet government building targets.
PropMatch Curated Analysis
Rotherham Council must create an entirely new Local Plan after government doubled housing targets from 544 to 1,111 homes per year, requiring green belt review and costing over £1m with completion by 2029.
Investor Relevance
Signals major increase in housing supply in Rotherham area which could affect rental yields and property values. Green belt review may unlock new development opportunities for SME developers while increased supply could impact existing landlord returns.
Original Source:
BBC NewsStay Updated
Subscribe to our weekly briefings for curated property news and insights