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Saving For a Space Ship

Want to resolve the UK's housing crisis? Here's how  

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Want to resolve the UK's housing crisis? Here's how  

https://www.theguardian.com/business/2018/apr/29/want-to-resolve-the-uks-housing-crisis-heres-how

Quote

Our system favours landlords over communities. The PM must side with the many, not the few..

....A system so heavily weighted in favour of landowners had two consequences. First, it provided them with an incentive to wait, often for years, before selling their land for development because they would get a higher price. Second, house-builders had to recoup the costs of buying the land and did so by building more expensive properties that were drip-fed into the market to keep selling prices high.

If the aim is to build more affordable homes, this makes no sense. A site with planning permission for housing is worth more than a brownfield industrial site and 100 times more than agricultural land. Research by Thomas Aubrey of the Centre for Progressive Policy found that landowners made windfall profits of more than £9bn in 2014-15 on the sale of land. That meant for every home built that year, an average of £60,000 went to the landowner....

 

 

Edited by Saving For a Space Ship

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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