West Oxfordshire Local Plan Housing Consultation

Market Signals

4.58 The Government's practice guidance suggests that household projections (discussed earlier) should be adjusted to reflect appropriate market signals and other market indicators. Considerations include:

  • Land prices
  • House prices
  • Rents
  • Affordability
  • Rates of development
  • Overcrowding

4.59 In some instances, an upward adjustment to housing numbers may be needed to address a worsening trend in such signals.

4.60 The SHMA concludes that the market signals in Oxfordshire point towards a need for an upward adjustment to housing provision at the countywide level but not for all Districts. The strongest demand pressures are identified in Oxford City.

4.61 Notably, it concludes that there is less market pressure in West Oxfordshire and consequently makes no upward adjustment.