Agenda item - Implementation of a Principal Residence Policy

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Agenda item

Implementation of a Principal Residence Policy

Report of the Executive Director Econonmy, Environment & Culture (Copy Attached)

Decision:

RESOLVED:

1. That Committee noted the policy option analysis in paragraphs 3.18 – 3.22 and the recommendation for a combination of Options 2 and 3 for further consideration during the city plan review, as well as the possibility of a citywide Principal Residence Policy. All options will remain under investigation subject to the results of the 2021 Census and further analysis of up-to-date statistics.

2. That Committee further noted that the Notice of Motion as passed at Full Council intended the Principal Residence Policy to cover all buyers purchasing properties in new developments specifically as holiday or 2nd homes and that the 15%-20% threshold discussed should therefore include these figures.

2.That Committee agreed to officers undertaking further actions set out in the report at paragraphs 3.8 in terms of further research and analysis as part of the City Plan Part 1 Review.

 

Minutes:

13.1 Helen Gregory introduced the report starting on page 259 of the Agenda.

13.2 The Chair invited Councillor Evans to propose the Labour Group Amendment on page 7 of the Agenda, which was seconded by Councillor Grimshaw.

13.3 Councillor Ebel raised that second homes cause massive problems for the housing market, especially if they are being used as holiday lets which cause noise disturbances – and therefore regulation is needed.

13.4 Councillor Robins was informed that data from the 2021 census hasn’t been published but should be from Autumn 2022. He also emphasised that it is important to distinguish between reducing party houses and reducing second homes in general.

13.5 The Committee agreed to the amended recommendations, with the 2 Conservative Councillors voting against.

RESOLVED:

1. That Committee noted the policy option analysis in paragraphs 3.18 – 3.22 and the recommendation for a combination of Options 2 and 3 for further consideration during the city plan review, as well as the possibility of a citywide Principal Residence Policy. All options will remain under investigation subject to the results of the 2021 Census and further analysis of up-to-date statistics.

2. That Committee further noted that the Notice of Motion as passed at Full Council intended the Principal Residence Policy to cover all buyers purchasing properties in new developments specifically as holiday or 2nd homes and that the 15%-20% threshold discussed should therefore include these figures.

2.That Committee agreed to officers undertaking further actions set out in the report at paragraphs 3.8 in terms of further research and analysis as part of the City Plan Part 1 Review.

 

Supporting documents:

 


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