Comment
Draft Local Plan - Supplementary Consultation
Representation ID: 7672
Received: 12/03/2019
Respondent: Mr N Walters
Representation Summary:
Price cap on land! The single biggest driver for house price inflation is land pricing and land banking, landowners are given too much power in land prices and developers landbank over decades to realize inflated values on strategic land. Affordable housing land needs capping to realize more realistic house prices.
Full text:
Price cap on land! The single biggest driver for house price inflation is land pricing and land banking, landowners are given too much power in land prices and developers landbank over decades to realize inflated values on strategic land. Affordable housing land needs capping to realize more realistic house prices.