What is Planning blight?

Planning blight refers to the negative impact on property values and the local environment caused by the anticipation of future development or changes in land use, particularly when such changes are uncertain or delayed. Property owners may experience a decline in the desirability of their land due to proposed plans that could result in compulsory purchases or significant alterations in the area. This situation often leads to stagnation in property sales and can deter investment in the affected area. Ultimately, planning blight can create economic challenges for both property owners and local communities.