Nottingham 'went too far' with flats

Too many flats have been built in Nottingham, the city's councillor in charge of planning has admitted.

More than 300 flats are vacant in the city, according to the Labour-run authority's figures.

Councillor Dave Liversidge said the council was now changing its planning rules to encourage the building of family housing.

The surplus had led to a high number of repossessions as landlords failed to let flats, an estate agent said.

Boom and bust

Mr Liversidge said: "There was a frenzy two or three years ago to build more and more flats.

"We were encouraging building and the market took over.

"We went too far with the number of flats in city centre."

The council has submitted plans to the government to build hundreds of council homes over the next six years.

Mr Liversidge added: "There are plenty of sites across the city where we can build two and three homes together, bits of land that the council owns and bits of land that are derelict."

Nottingham estate agent Paul Perriam said some landlords who bought at the height of the housing market had also suffered the consequences.

"There have been quite a lot of repossessions because people have bought at the height of the market in late 2007 and they have realised they can't always let the properties when they expect to.

"They've not been able to meet the mortgage payments and the banks have moved in and repossessed quite a number of apartments."

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