New build homes carry £55,000 in regulatory costs

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An analysis by the Centre for Policy Studies reveals that new build homes in southern England carry approximately £55,000 in regulatory and planning-related costs. These costs, including biodiversity and planning obligations, add around 12% to the property prices.

New build homes in southern England contain approximately £55,000 in regulatory and planning-related costs that are passed on to buyers, according to analysis by the Centre for Policy Studies. The embedded costs include biodiversity requirements, planning obligations, and fees that add around 12% to property prices. The post New build homes carry £55,000 in regulatory costs appeared first on PropertyWire.