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The Government launched its 'Technical Consultation on Planning' in July 2014, seeking views on raising the EIA screening thresholds for the industrial estates and 'urban development projects'. The consultation ran until September 2014 and the Government published its response on 6 January 2014.
The response confirms that the thresholds will be raised as originally proposed, with the addition of a supplementary threshold related to residential development of over 150 units; while the threshold for non-residential urban development projects will also now be raised.
Conventional wisdom suggests that property markets slow down in light of an upcoming general election. General elections are uncertain, and the property market doesn’t like uncertainty. However, we have found that property markets are in fact pretty resilient when faced with an election, with very little change to overall behaviour.
In this paper we show that there is little evidence of UK general elections impacting on investment, occupier and developer confidence in the period immediately beforehand. This lack of impact reflects that manifesto policies affecting property are often highly general in nature.
Using a range of statistics we highlight the fact that the uncertainty faced by markets often has fewer actual economic effects than is commonly thought. Our message is to keep calm and carry on.