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12 industry news


Flats are fast becoming the UK’s main choice F


lats are fast becoming the property of choice for consumers, according to new research commissioned by the Royal


Mail’s Address Management Unit (AMU). The new report revealed that flats now make


up nearly a quarter (23 per cent) of all housing in the UK. The number of flats has increased 4.2 per cent over the last four years, compared to total growth of 2.5 per cent for all UK housing in the same period. The figure was revealed after the Royal Mail


AMU partnered with the Centre for Economics and Business Research on a study to investigate the growth of flats across the country. The study was commissioned after Royal Mail noticed that the number of flats, known as multiple residencies, added to the Postcode Address File (PAF) surged by 18 per cent from April to December in 2016, compared to the same period in 2015. The total number of multiple residencies added to PAF between July 2016 and December 2016 was 33,220. The findings also revealed that London has


the highest share, with flats comprising 54 per cent of all housing in the capital. London also has the highest total number of flats (1.89 million) and has seen the greatest increase in the number of flats, at 5.8 per cent over the last four years. Scotland has the second greatest number of


flats – 971,678 – equating to 38 per cent of housing in the area, followed by the South East (824,290 and 22 per cent share of housing). The east of England has seen the fastest growth in the number of flats, after London, with an increase of 5.3 per cent for the same period. Northern Ireland has the lowest share and


number of flats compared to other property types. Multiple residencies only account for a tenth of all housing in Northern Ireland (11 per cent), the equivalent of 85,540 properties. Semi-detached and detached properties are also more popular in Wales, with flats only accounting for 13 per cent of the housing stock, equating to 1.4 million properties. Steve Rooney, head of Royal Mail’s AMU, said the team “makes up to 3,000 updates


Urban car parks could provide millions of homes, says developer Pulse


Homes. With a multi-million pound scheme already


B


underway in Scunthorpe town centre, Pulse is currently working with a number of local author- ities on similar schemes to transform town and city car parks into affordable accommodation using fast-track offsite modular construction to speed up delivery.


uilding affordable new homes on urban car parks could help solve the housing cri- sis, according to developer Pulse Modular


Research released in January 2017 by JLL


Residential Research has identified almost 10,500 urban car parks in the UK as being suit- able for accommodating 400,000 homes, enough to house around one million people. More than half of these car parks are in public ownership, where local authorities could quickly initiate the construction of 200,000 new homes, and in many cases without the loss of any park- ing spaces. David Brown, joint managing director of Pulse


Modular Homes, commented: “There is a huge shortage of development land for housing in our towns and cities, and the innovative use of urban car parks for affordable homes is a real opportu- nity for local authorities to increase their housing stock without losing any green spaces.” David said that the “Speed of delivery is also


very important, and our use of modular offsite construction enables us to complete projects in under half the time of traditional building methods with a higher level of quality.”


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and changes a day to the Postcode Address File,” allowing them to spot any new or developing trends. He said that, “while the distribution of


property types has been relatively stable for the last four years, the number of flats has grown more than any other property type. This rise is most likely due to high land prices limiting the possibility of building semi-detached and detached houses.”


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