Industry calls for delay to looming Building Safety Levy
Summary
Construction and property bodies are urging the government to delay the planned introduction of the Building Safety Levy, due to take effect next month. They warn that the levy could undermine scheme viability and reduce the delivery of qualifying residential and purpose-built student accommodation projects.
Why it matters
The levy may affect development viability, which can influence the pipeline of new residential stock and student accommodation that surveyors advise on, value or assess. It also has implications for compliance and cost planning on projects entering building control.
Key points
- Industry bodies want the Building Safety Levy delayed
- Concerns centre on reduced viability of housing developments
- The levy applies to qualifying residential and purpose-built student accommodation projects
- Projects entering building control are within scope
- Potential impact on housing delivery is highlighted
Organisations:
Construction News
Regulations:
Building Safety Levy
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