Monday, June 18, 2007
We have heard much about planners restricting supply and supporting high prices. This well researched report from the Royal Town Planning Institute (RTPI) argues that:
Developers have an incentive to accumulate land with planning permission as a balance book asset, to secure against loans, to block rivals from flooding the market, to support prices or both. - The UK's top ten housebuilders are withholding land with planning permission for nearly 225,000 homes. Taylor Wimpey alone has enough for 2.6yrs of supply. - 27,000ha of brownfield land either has permission or has been allocated in local plans for housing. Enough for 1,000,000 homes. "While we build up this blame culture for planning, people are getting the impression that no land is available at all. We need to open the debate to find out what the blocks are to actually developing this land" Kelvin MacDonald, RTPI policy and research director.