Cut & Carve – the only way to maximise space from our existing built environment
The average age of the first-time house-buyer in the modern day is 37, ten years older than that of the generation before them. With a massive deficit of houses available, the UK government aims to build 250,000 new homes each year. However, with just 100,000 completions last year, it’s clear that the industry simply doesn’t have the capacity to bridge such a gap with new-build houses alone in the short-term. One way to combat this issue is with “Cut and Carve”.
Over the past two years, 30,575 new homes have been created by turning offices into flats, amounting to around one in 10 of all new properties built in the period. Landmark office towers in the centre of London, such as the Centre Point building, have been the highest-profile blocks to switch to residential. But many outdated 1960s offices in suburban locations have also been revamped into studios and apartments.
It’s not just office buildings that are making the big change in purpose either as buildings from the retail sector, such as shop fronts, are being converted into homes too. This is due to the saturation of the commercial property market which causes the price of commercial properties to generally be lower than that of residential.
As a leading structural alteration specialist, we have worked on some of the most interesting developments in the UK involving cut and carve. To find out more information about our work, you can click here.