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Eddie_George

Protests Over Axing Of ‘Vital’ Land Price Statistics

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The government’s decision to axe the collection of land price statistics threatens ministers’ ability to understand the effects of their radical housing policies, senior economists and policy analysts have warned.

http://www.ft.com/cms/s/0/9b817e24-6343-11e3-a87d-00144feabdc0.html

What's the most cynical reason someone can think of for this happening?

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I don't understand this. So who will keep a record of who owns what? Surely the ownership of property needs to be registered somewhere official?

That said, shares are traded and registered with 'clearing houses' and government has access to that.

Perhaps there is too much work to do for them to find out who actually owns all the properties and are giving a private company the incentive to do it for them?

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There's another major cynical step today - they've announced they're looking at privatising the Land Registry.

FT says big data companies most likely buyers.

http://www.ft.com/cms/s/0/9c920ce0-838a-11e3-aa65-00144feab7de.html

Why not just dump full LR data online, no charge?

They'll repeal the statute of frauds next and we'll end up with a fully private system of land registration - financial products to be flogged, allowing multiple claims on single securities with no transparency for the public.

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An essential thing to remember about the "Land Registry" is that it is very much incomplete. Only a small fraction of UK land by area is actually registered because registration has never been compulsory. Properties must be registered when they change hands, but so long as aristocratic families keep their land in trusts they can avoid this requirement. Urban land changes hands frequently so is all on the system (and subject to stamp duty and inheritance taxes), but rural land (of the sort that was stolen from the peasants by the Inclosure Acts) has been skillfully kept out of registration.

Land registration in the UK is a total mess, and it benefits large landowners to keep it that way.

Edited by Dorkins

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we'll end up with a fully private system of land registration - financial products to be flogged, allowing multiple claims on single securities with no transparency for the public.

Good.

Private, competing, land registries are essential for a free-market in land.

Won't ever happen.

Edited by (Blizzard)

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Private, competing, land registries are essential for a free-market in land.

Won't ever happen.

Surely there needs to be a single definitive record of land ownership.

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Surely there needs to be a single definitive record of land ownership.

Only if 'ownership' is being imposed.

There's no central registry of other contracts.

Also, No-one registers ownership of actual property do they? Shoes, pencils, skis and so on. That's why they are property and land isn't

Edited by (Blizzard)

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Only if 'ownership' is being imposed.

There's no central registry of other contracts.

Also, No-one registers ownership of actual property do they? Shoes, pencils, skis and so on. That's why they are property and land isn't

There's a big difference between land and manufactured goods. Manufactured goods are ephemeral, land endures.

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There's a big difference between land and manufactured goods. Manufactured goods are ephemeral, land endures.

Gold endures, as do lots of other things. What we call land 'ownership' is really just a government license, an entry in a database. Not permanant at all over historical timescales.

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OK so what happens if l put a fence round a piece of land that belongs to one of these aristo's. How do they prove its theirs to prevent me claiming it as mine after X years?

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OK so what happens if l put a fence round a piece of land that belongs to one of these aristo's. How do they prove its theirs to prevent me claiming it as mine after X years?

Various dodgy bits of medieval parchment kept in a private filing cabinet for the last 200 years, same as the chancel repair liability documentation.

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Various dodgy bits of medieval parchment kept in a private filing cabinet for the last 200 years, same as the chancel repair liability documentation.

Makes you wonder if some of these vital bits of paper really exist anymore- there must be some which have gone awry/damaged beyond repair etc and so long as everyone keeps quiet, no one need find out...

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OK so what happens if l put a fence round a piece of land that belongs to one of these aristo's. How do they prove its theirs to prevent me claiming it as mine after X years?

They simply ask their mates to pay you a visit. They don't need to prove it's theirs.

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