Posts tagged "land"

Toby Lloyd
Toby Lloyd

By Toby Lloyd

Inching towards better land value sharing

These are exciting times for the select-but-growing band of Westminster-watchers interested in the role land value plays in our housing crisis – and in the wider economy.

Just before Christmas, there was the launch of a new All Party Parliamentary Group on Land Value Capture, chaired by Sir Vince Cable. Then the Communities and Local Government (CLG) committee launched an inquiry into the ‘effectiveness of current land value capture methods’. This sort of language may not set pulses … MORE...

Steve Akehurst
Steve Akehurst

By Steve Akehurst

A fork in the road: the Letwin review

In the pantheon of sexy retail offers, the promise of an internal government review does not, you might argue, necessarily set the pulse racing. So when a review of land banking was announced in the Autumn Budget, it wasn’t rewarded with huge media attention. Some world-weary cynics (not me, you understand) even wondered if it was just a way to kick the issue into the long grass.

But there’s every reason to pay attention to the review (which will … 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

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...
Rose Grayston
Rose Grayston

By Rose Grayston

How central London’s luxury property price falls could make housing even less affordable

All the signs point to a slow-down in the London property market. Central London house prices dropped by 6.8% between 2015 and 2016, while the numbers of new homes under construction plummeted by 75%.[1] The problem is located almost entirely at the top of the market, with sales transactions collapsing by 86% for properties worth more than £10 million.[2]

Central London property values are eye-watering, far beyond the reach of most working London households. A fall in house … MORE...

12