All posts by Toby Lloyd

Toby Lloyd
Toby Lloyd

By Toby Lloyd

London’s missing homes: why can’t we turn planning permissions into houses?

Yesterday, London First released the latest round of their analysis of planning and housebuilding in London. The headline is stark – almost one in two planning permissions in London aren’t turning into actual homes.

The scale of the problem

A total of 54,941 new homes received planning permission in London during 2014. Planning permissions generally last three years before they expire – so we would expect these to have been built or at least started by the end of 2017. … MORE...

Toby Lloyd
Toby Lloyd

By Toby Lloyd

Where’s all the money gone?

The net worth of the UK has more than tripled since 1995. But I’m betting you don’t feel three times richer than you were 20 years ago, or that the country as a whole is rolling in cash. So where’s it all gone? New data from the Office for National Statistics (ONS) shows that most of it has gone to one place: land.

This new data shows just how stark the problem is:

land values rose by £280 billion in… MORE...
Toby Lloyd
Toby Lloyd

By Toby Lloyd

Yesterday’s Budget: the good, the bad, the interesting

Like several recent Budgets, yesterday’s was billed as ‘a housing budget’. In the end, the reality didn’t quite match up to the claim, although it did include some genuinely positive steps forward. Once again we’re faced with a variety of changes, big and small; some that are definitely positive; some that are just a bit ‘meh’; and some that are hard to read, but might be a signal of truly exciting changes to come.

The good

As Kate’s blog sets MORE...

Toby Lloyd
Toby Lloyd

By Toby Lloyd

Smashing avocados, not the housebuilding targets

As was widely expected, today’s net additional housing supply figures showed an increase in the number of homes provided in England. A total of 217,350 ‘net additional dwellings’ were provided in 2016–17 in England, the highest figure since 2007–08 and the fourth year in a row that this measure has increased.

A small step

This is undoubtedly encouraging, as those new homes are urgently needed. Secretary of State Sajid Javid was well within his rights to herald the increase as … MORE...

Toby Lloyd
Toby Lloyd

By Toby Lloyd

We need to lower the cost of land to true market prices

After many decades of political obscurity, reforming the way that land is bought, sold and owned is back on the agenda. It’s about time too: the dysfunctional land market is at the heart of our broken housing market – and underpins the total failure to build enough high quality homes that people can actually afford. One thing we’re hoping for in next week’s budget is a sign that Downing Street is ready to overcome bureaucratic opposition to real reform.

Unrealistic MORE...