Building boom predicted for the UK as
planning applications take off
Granted planning applications have seen a high level of success in recent months, with
just over 20,500 (84%) getting the green light out of almost 24,500 submitted each month.
On the back of these statistics, research by debt advisory specialists, Sirius Property Finance, has revealed which areas of Britain look set for a
property building boom, analysing figures on the average monthly total planning applications
submitted across each region of the UK, the
average success rate of these applications and what this equates to in terms of total applications granted.
According to the findings, Northern Ireland is home to the highest average monthly success rate for planning applications approved, with 95% of all applications given the green light each month, followed by the North East at 92% and Wales at 97%.
However, these regions are also home to some of the lowest average monthly totals of planning permission submitted, accounting for 0.5%, 2.3% and 3.8% of respective successful planning applications.
In fact, it’s the South East that looks set for the biggest building boom in 2023 so far, with 4,491 planning applications made on average each month. While just 84% of these applications are successful, this equates to 3,772 successful applications each and every month, 18.4% of the UK total.
At just 75%, London is home to the lowest percentage of successful planning
applications across the UK. But despite this, the 3,444 successful bids seen across the capital on a monthly basis account for 16.8% of the national total.
The East of England (12.7%), South West (10.4%) and North West (8.3%) also account for some of the highest levels of successful planning applications made each month across the UK.