CBRE has carried out research which shows uniform scepticism among the property industry, councillors and the public about the Government’s New Homes Bonus
The bonus scheme (see AJ 15.11.2010) is part of the Government’s localism policy and will be paid to councils that grant planning permission for homes and commercial premises. It is hoped it will encourage communities to actively plan their area and facilitate development.
However, property consultant CBRE polled 400 councillors about the scheme and found that only a third believe the bonus is big enough to overcome public opposition to new building. The bonus is calculated by matching the council tax raised on new building for six years.
CBRE also sought the views of 200 property industry figures. Only a quarter said they thought the bonus was high enough and 46% thought localism would increase ‘nimbyism’ - increasing the ‘not in my back yard’ thinking.
Members of the public who were polled also opposed the scheme, with almost four out of five stating their locality was either developed enough or already over-developed