LONDON-A third of the land needed for new homes in the UK over the next five years could be found by developing brownfield sites, suggests a report by international property advisers GVA Grimley and economic analysts Business Strategies. They conclude that the potential of brownfield sites to meet rising demand for residential land is not being fully exploited.

Local authorities need to be more proactive in matching supply with demand by, for example, releasing existing ‘employment land’ allocations for alternative uses and supporting land swaps, says the report. Whole areas may need reconfiguring which may involve the managed release of land and the involvement of local authorities through compulsory purchase orders.

GVA Grimley and Business Strategies have calculated that the 180,000 jobs expected to be lost in the manufacturing sector over the next five years will result in a potential oversupply of at least 5,000 acres of land. In addition, around 2,500 acres of industrial land is already vacant. This compares with forecast demand for an additional 450,000 households over the next five years, requiring some 22,000 acres.

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