Friday, March 25, 2011

Councils want a slice of that pie.

New 'land auctions' trial comes under attack

The Chancellor has announced plans to trial ‘community land auctions’ whereby more plots could be made available for new homes. Local councils are being invited to join the 12-month pilot, which will initially involve only land owned by the public sector. If successful, it would then be rolled out. Under the scheme, local authorities would be able to ask landowners to submit sealed ‘bids’ giving the price at which they would be prepared to sell their land. The local council would then have the right to buy the land at that price for a specified period, grant planning permission and auction it off to developers.

Posted by sibley's b'stard child @ 09:39 AM (1359 views)
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4 thoughts on “Councils want a slice of that pie.

  • mark wadsworth says:

    This is quite a good idea actually, as pushed by Tim Leunig, who reckons it’s the closest we can get to proper LVT.

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  • It would be close to LVT if the councils awarded e.g. 20 year leases or even 99 year leases. But since they’re just buying, granting planning permission, and selling (freehold), it’s nothing like LVT.

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  • mark wadsworth says:

    D, I said “the closest thing”, it’s still a long way off of course, but Tim Leunig ain’t budging on this, and unlike all the campaigning that LVTers have done and achieved precisely f- all, at least this is a little step forward.

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  • stillthinking says:

    i.e. the council sell the valuable part, planning permission, and the landowners sell the not very valuable part, the land.

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