The survey results, which have been published today alongside a new research report by the FMB entitled ‘Homes on our high streets’, shows MPs believe converting empty spaces above shops could have a number of positive consequences.
The findings show 94% of MPs believe this could reverse the housing shortage in their constituency, an issue that was felt on the doorstep in the election back in June.
89% of MPs say it could boost local growth in their area and 86% of MPs think it could have a positive impact on the vibrancy of their town centres.
Brian Berry, chief executive of the FMB, said: “It is estimated that as many as 300,000 to 400,000 new homes could be created by making use of empty spaces above shops on our high streets. This is space just waiting to be turned into residential accommodation.
“The fact that 90% of MPs of all parties recognise the potential of our existing buildings to help solve the housing crisis means we need to be more imaginative if we are going to build the 300,000 homes a year that the chancellor pledged in last month’s Budget.”
Berry continued: “Taking a number of case studies from town centres from right across Great Britain, our research highlights the opportunities that exist for creating new homes in a range of different building types. It demonstrates what could be achieved by innovative and ambitious development.
“The report puts councils at the heart of the solution and suggests some practical ways for them to facilitate the development of wasted space above shops. Local authorities should include proposals to make use of these empty spaces in their planning documents and also help find ways to overcome the various barriers, such as limited building access, so that we can tap into this much needed source of additional housing supply.
“Building new homes is important, but a great deal can also be achieved through making better use of our existing buildings.”
Berry concluded: “These sorts of properties would be ideal for young professionals, or young families just starting out, as they benefit from good transport links and are close to shops, bars and restaurants.
“What we must avoid is perfectly good space lying empty and achieving nothing in terms of boosting the local economy or housing individuals and families.”