Property Conversion Drivers
The use of the commercial property has accelerated as a result of online commerce and hybrid working.
With the expansion of Permitted Development Rights, it’s easy to understand how sites might be converted from commercial to residential.
> But what else is causing this shift?
📌 NET ZERO
New construction consumes a lot of resources, and the cement industry is a major generator of CO2. Building conversions can assist in providing a more long-term answer to the UK housing crisis while also supporting the 2050 goal of net-zero carbon emissions.
📌 MEETING DEMAND
The goal of building 300,000 new homes per year is frequently missed. Nonetheless, the population is increasing, and demand is not being met. Converting outdated commercial premises into residential houses is one of several crucial methods to solve the UK gap in cheap, high-quality housing.
📌 GENERATION OF WEALTH
For more than four decades, the government has taken a back seat when it comes to building new homes. Whether you like it or not, private finance has taken the lead. Conversion prospects will necessitate private investors building new homes while increasing their wealth.
For more information, please visit: https://schakerproperty.co.uk/
