Property News · January 31, 2017

Britain has enough land to solve the housing crisis – it's just being hoarded


Developers are sitting on land without building anything, then selling it on for profit – a vicious cycle that can make it impossible to create affordable homes. What can be done to stop this speculative feeding frenzy?“Buy land,” said Mark Twain. “They’re not making it any more.”“Then once you’ve bought it, sit on it for a while, apply for planning permission, and sell it on for 10 times the price!” retort the land traders. Continue reading…

Source : theguardian.com
Read more…Britain has enough land to solve the housing crisis – it’s just being hoarded