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Callum Jones, Associate and Manager of the New Homes Department, looks at what the Spring Statement from the UK Government could mean for home buyers, landowners, and developers, and how aims to protect the stunning countryside of the West Country by targetting brownfield and 'gray belt' land can support the Government on delivering bringing new homes to the market. The expertise of Stags' New Homes department is well placed to assist buyers, sellers, and developers in the new homes and development industry.
The Government announced their Spring Statement in late March and within it included details on the latest housing strategy. The aim is to bring much-needed homes to the market, while safeguarding the landscapes that make the South West so special. By focusing on redeveloping previously used sites—such as disused car parks and old petrol stations—this initiative ensures that new homes are built in the right places, rather than encroaching on protected countryside.
With housing demand at an all-time high, this approach could not come at a better time. The UK needs 370,000 new homes per year, yet annual completions have consistently fallen short. The South West is facing a growing shortage, with average house prices in Devon and Cornwall rising over 35% in the last five years. By unlocking brownfield and ‘gray belt’ land, thousands of new homes can be delivered without compromising the region’s gorgeous countryside, National Landscapes (Areas of Outstanding Natural Beauty), or Sites of Special Scientific Interest.
For buyers, this means more opportunities to step onto the property ladder in sought-after locations where land has previously been underutilised. The first quarter of 2025 has seen mortgage approvals rise 18% higher than the same time period in 2024, making this is an exciting time for those looking to purchase.
For landowners and developers, these changes open up new potential for transforming neglected spaces into thriving communities. Councils are already mapping out priority sites, with local authorities in the South West identifying over 2,000 hectares of brownfield land suitable for redevelopment.
The charm of our south west counties lies in the stunning landscapes and vibrant communities, so it is reassuring to see government guidance reinforcing the protection of Green Belt land. The focus is clear: growth must be sustainable, ensuring that housing is delivered where it makes sense, while preserving the countryside that defines the West Country’s character.
With over 150 years of experience in the South West property market, Stags is uniquely positioned to help buyers, sellers, and developers navigate these evolving opportunities. Whether you are looking for a new home, have land with development potential, or simply want to understand how these changes might affect you, our expert team is on hand to guide you.
The South West is growing—but in a way that respects its heritage. If you are considering your next move, reach out to the knowledgeable team at Stags on [email protected] | 01392 286919
