Andy Thompson writes for Estates Gazette about an agri-resi conversion opportunity for landowners

In an article for Estates Gazette Andy Thompson, Director and Agency and Auctions expert at BTG Eddisons, has highlighted a significant opportunity for agricultural landlords to convert farm buildings on their property, through Permitted Development Rights.

Data demonstrates that landlords are already taking advantage and that more could follow.

Andy talks through the process that landlords looking to use Permitted Development Rights could face. He also discusses a number of factors including consumer demand for housing and rural living, infrastructure challenges and lender confidence in the property sector.

Weighing all of these options up it seems that there is an opportunity for landlords and investors to explore avenues for converting agricultural buildings, whether they are already owned, or they can be bought through auction. This can not only help meet demand from consumers for housing but also offer landowners a route to build or increase revenue streams at a time when the agricultural industry is finding these are much needed.