Housing Economics2020-02-26T21:12:09+00:00

Housing Economics

Norton Taylor Nunn can provide you with a professional independent assessment of the Housing Economics position of a Local Planning Authority, and has a track record of winning cases with the Planning Inspector by successfully challenging an LPA housing position.

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    What is Housing Economics?

    Housing economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of prices, supply, and demand. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research of real estate trends focuses on the business and structural changes affecting the industry. Both draw on partial equilibrium analysis (supply and demand), urban economics, spatial economics, basic and extensive research, surveys, and finance.

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    Norton Taylor Nunn can provide you with a professional independent assessment of the Housing Economics position of a Local Planning Authority, and has a track record of winning cases with the Planning Inspector by successfully challenging an LPA housing position.

    • We work alongside our specialist residential and market research teams, valuations, property agents, development appraisal experts and planners to ensure comprehensive advice is provided nationally, across all property sectors, for all types of projects.

    • Our strong track record in combining planning and valuation skills with socio-demographic and economic analysis to provide a robust evidence base has been effective in influencing planning policy and decision making at all levels, and stages of the planning process.

    Housing Economics FAQs

    What is the development plan?2019-12-31T00:20:01+00:00

    Each local planning authority is required by the Town and Country Planning Act 1990 to prepare a development plan for its area. Although the structure and content of plans have been amended, the basic principle remains the same.

    The plan should set out a strategic vision for the area and be subject to an environmental assessment.

    Environmental assessment is a process that ensures significant environmental effects arising from policies, plans and programmes are:

    • identified;
    • assessed;
    • reduced;
    • communicated to decision-makers; and
    • monitored.

    It also gives you a chance to have your say.

    The plan also contains local policies for land use. Certain areas are selected for future uses. These local policies consider how those uses should look, operate and interact with the environment are set out in the plan.

    When a local planning authority receives an application, the first aspect it should consider is whether or not the development follows the development plan. If it would, then normally the application would be approved – although other considerations, such as representations from the public on planning issues, may lead the authority to decide otherwise.

    You should be able to view your local planning authority’s development plan, on the authority’s website.

    Check out the nidirect website for more information about how development plans set out how an area should look in the future by deciding the type and scale of development and where buildings should be allowed.

    Not all planning applications will require a town planner

    We can also help you find the appropriate architect or designer of your scheme, along with other consultants who may be needed, from transport planners, heritage planners and environmental consultants, right through to architects, technical draftspersons and/or designers.

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