Anorak | Even The Labour Party Is Beginning To Understand The Housing Market

Even The Labour Party Is Beginning To Understand The Housing Market

by | 1st, July 2014

IT’S taken its time but the basic problem with the UK housing market seems to be seeping into even Labour Party minds. That problem being that there’s not enough housing so it’s too bloody expansive. We should therefore try to build more. As the Labour Party’s head of their investigation into the housing market says :

Sir Michael Lyons told the Guardian he had identified protracted delays in the release of land as the single biggest cause of Britain’s housing crisis.

This is all really very simple. There’s no shortage of land in the UK. Only about 3% of it is houses at the moment: in some counties we have more than that in use as golf courses than we do houses.

It’s also true that houses are gargantuanly expensive: but it’s not actually the houses that are. It’s the land underneath them that is expensive. And more than that, it’s the permission to build a house on a particular piece of land that is. Farmland goes for £10,000 a hectare. Land with planning permission goes for £1,000,000 a hectare in the South, on which you’re allowed to

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Posted: 1st, July 2014 | In: Money, Politicians Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink