2024-2025 : sell my land (do a deal) now ?

The potential for a new Labour government to come to power in late 2024 is set to potentially create big changes in the supply and development of land for new housing in the UK.

Various senior Labour politicians have stated they will significantly alter the Greenbelt rules for planning and that as many as 1,500,000 new homes are being targetted to be built within 5 years (considering that currently we build around 250,000 homes a year this would not actually be a significant rise). Great if it was an EXTRA 1.5 Million new homes - now that would make a difference !

However, without doubt the Nimby-driven, politically motivated, highly complicated and dreadfully slow planning system will probably get the overhaul it has needed for some time.

This could mean that YOUR LAND may at last have a chance of gaining a planning permission and now is the time to engage with a development partner to start that process ?

As interest rates drop and inflation falls, the land market (and economy) is looking much better for 2025-2026 and onwards and for some sites, getting a planning application in during 2024 or 2025 could mean you would be selling that site in a potentially very good market when the permission comes through. Selling at the right time in the land and housing market can make as much as a 50% difference in the price obtained, depending upon where in Britain the land is located.

So do have another look at your field, farm or inherited land. Just saying 'Oh it'll happen one day' may no longer be the right decision.