The coalition government has agreed a compromise on the Building Land Mobilisation Act. This draft legislation came into force on 23 June 2021. This marked the introduction of the controversial ban on converting rental accommodation into
owner-occupied apartments in regions with a strained housing market.
In implementation of the coalition agreement, the ban on converting rental accommodation into owner-occupied properties is now being redrafted. The first draft raised many questions and was roundly criticised. Many owners of apartment buildings are now understandably worried that they are no longer free to do with their property as they see fit. Dividing their property up into owner-occupied apartments will only be possible subject to restrictions.