Friday, October 19, 2012

It’ll never happen of course

Exclusive: No10 advised to punish land hoarders

Though the government’s planning reforms will make it easier for developments supported by local communities to gain planning permission, one of the big blockages in the system is made up of developers themselves. The government is becoming increasingly aware of this, and one ministerial aide close to housing policy has come up with a solution.

Posted by montesquieu @ 02:23 PM (1637 views)
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3 thoughts on “It’ll never happen of course

  • The photo is a one man Beatle Abbey road unbuilt hoarded land wearing shoes road crossing !

    So the announcement isn’t a total waste.

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  • OK so does BTL count as land-hoarding too?

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  • The primary reason for land banking is artificially low interest rates, caused by the Bank of England, i.e. government.

    If said investors got a good rate on bank deposits, they would prefer that to land banking.

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