Developer-council deadlines pushed back but still deemed “on time”
Original Article Summary
Three quarters of large-scale planning decisions are being pushed back by councils and developers, The Financial Times reports. These extensions are known as “performance agreements”, and their use means decisions are still counted as “on time” in official statistics. Applications for large-scale housing wait two years on average for a decision, a report commissioned by […] The post Developer-council deadlines pushed back but still deemed “on time” appeared first on PropertyWire.
PropMatch Curated Analysis
Three-quarters of large-scale planning applications face delays averaging two years versus the 13-week target, with councils using 'performance agreements' to maintain official 'on-time' statistics while masking systemic resource shortages.
Investor Relevance
Critical for developers and investors planning large-scale residential projects, as extended planning timelines directly impact holding costs, financing arrangements, project viability, and cash flow planning.
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