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Predicting the 2024 Market in the North West

Planning specialist, Chrisa Tsompani, recently featured in RECOM Solution’s whitepaper, predicting the 2024 market in the North West.


In the whitepaper, Chrisa talks about the trends and obstacles as well as the future:


‘’In my opinion, there will be a stronger focus on sustainable and eco-friendly construction practices, which will influence property designs and developments. The introduction of the Biodiversity Net Gain obligation, which requires new developments to improve and enhance the pre-development biodiversity value of a site under construction by 10% will affect the way new developments are designed in the future. The climate change and energy concerns will also set new priorities and parameters in the way new developments will be designed, approved by the authorities and constructed.


Especially in the cities of Manchester and Liverpool, I believe that the focus will be more on delivering a variety of types of housing accommodation, to promote diversity and social inclusion which will lead to more sustainable communities. An increasing demand for elderly accommodation is also on the horizon, supported by the recently adopted NPPF. Finally, more green and recreational spaces will be required, especially in the city centres, to respond to the citizens’ preference for outdoor activities and well-being.


The planning process and system are also factors which affect the way property transactions and deals are negotiated and completed. Although the two big cities in the North West, Manchester and Liverpool, tend to support and expedite ambitious developments that promote their adopted strategies and vision, the planning system has been increasingly complicated and politicised and most local authorities in the area and the UK, in general, are under-resourced and not in a position to process planning applications within reasonable timeframes. So, the risk of delays due to the planning process should always be factored and experts’ advice should be sought at a very early stage.’’



Chrisa Tsompani is a planning partner at Davitt Jones Bould. She is highly experienced in complex planning and environmental issues, having advised on planning and highway agreements, Biodiversity Net Gain, development control, enforcement, planning policy, s106 and s111 agreements as well as compulsory purchase orders to name a few.   



 

ABOUT DAVITT JONES BOULD:


Davitt Jones Bould is a national law firm that specialises entirely in real estate. The firm has offices in London, Manchester, and Birmingham ensuring truly national coverage.


The firm is renowned for its high quality legal work and service.


We only recruit experienced lawyers with excellent calibre. As a result, our legal team of around 70 lawyers have an average post-qualification experience that exceeds 25 years. Most have joined us from other City firms, in-house departments and/or senior roles. Our lawyers have advised some of the UK’s most significant land owners including Barclays Bank, HSBC, Credit Suisse, Rolls Royce, The Royal Parks, The Cabinet Office and The Crown Estate. This focus on quality only has led to a 50% male and female Partner rate. 


All of our clients are provided with a dedicated client care professional at no extra charge, which ensures that they receive the highest standard of service at all times.  


Davitt Jones Bould is regularly selected to advise on high profile projects such as the hosting of the London 2012 Olympic Games by The Royal Parks and the first Sukuk Bond to be entered into by a Western Government on behalf of HM Treasury. Based in London at The Shard and also Manchester, Birmingham and Taunton, we have a national presence.


The firm enjoys top tier rankings in all of the main directories, as well as receiving many awards.





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