Planning approvals for major housing schemes have increased 79% year-on-year, according to Glenigan.

The analyst said planning approvals for major projects, defined as having a gross development value of £100m or more, had increased 79% in the three months to April compared to the same period last year. Major project approvals doubled compared to the previous quarter.

Glenigan said :”A strong pipeline of housing work is encouraging, buoyed by an uptick in upcoming major projects including a £600 million 868-unit development in Southall, London, and a £500 million 1350-unit development in Leeds.