{"id":115971,"date":"2020-04-30T18:00:06","date_gmt":"2020-04-30T11:00:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/fatcat-developers-created-our-housing-crisis-heres-how-to-stop-them\/"},"modified":"2020-04-30T18:07:53","modified_gmt":"2020-04-30T11:07:53","slug":"fatcat-developers-created-our-housing-crisis-heres-how-to-stop-them","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fatcat-developers-created-our-housing-crisis-heres-how-to-stop-them\/","title":{"rendered":"Fatcat developers created our housing crisis. Here's how to stop them"},"content":{"rendered":"


\nHousebuilders, armed with foreign cash and backed by top lobbyists, keep property prices high. But author Bob Colenutt has brilliantly exposed the grip they have on BritainIf you want to see who influences the government, you can do worse than look at Whitehall\u2019s neighbours. In a grand Victorian building opposite the House of Commons in Parliament Square stands the headquarters of the Royal Institution of Chartered Surveyors. With a history dating back to 1792, the RICS is an illustrious professional body, promoting the highest international standards in the valuation and development of land and property. But it has another side.Its royal charter states that it exists to serve the public interest, yet most of its members\u2019 fees come from landowners and developers, not the public sector. Through its Red Book, the RICS sets the standards by which land and property are valued, but it is one of the most powerful lobbying groups in the development industry, representing the interests of landowners and developers at the highest levels of government. It directly advised on the National Planning Policy Framework (NPPF) in 2012, which led to 1,300 pages of policy being reduced to 65 in a triumphant bonfire of red tape, and it has numerous committees influencing policy on all aspects of land planning and valuation. It describes part of its mission as \u201cunlocking the inherent value held within the world\u2019s physical assets\u201d, but the question is, for whom is the value being unlocked? And who, consequently, is missing out?In the eyes of Bob Colenutt, the answer is clear. In his urgent new book, The Property Lobby, he identifies the RICS as one of numerous actors in a complex network of landowners, housebuilders, financial backers, professional bodies and politicians who are engaged in propping up the status quo to ensure that their interests prosper \u2013 at the expense of everyone else. The housing crisis is no accident, he argues, but the calculated product of an elite group who have no reason to fix it. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Fatcat developers created our housing crisis. Here’s how to stop them<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Housebuilders, armed with foreign cash and backed by top lobbyists, keep property prices high. But...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-115971","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uav","jetpack-related-posts":[{"id":88665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nhs-secretly-planning-to-develop-royal-free-hospital-building-into-luxury-flats\/","url_meta":{"origin":115971,"position":0},"title":"NHS secretly planning to develop Royal Free hospital building into luxury flats","date":"May 18, 2018","format":false,"excerpt":"\r \u2018One Hyde Park-style\u2019 apartments to replace housing for London staff, selling for up to \u00a310m each The NHS is secretly marketing a 100-year-old hospital building that provides affordable housing for 52 nurses and other key workers to property developers to create a One Hyde Park-style complex of luxury flats\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2725,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/who-made-the-shortlist-for-the-first-ever-cambodia-property-awards-2016\/","url_meta":{"origin":115971,"position":1},"title":"Who made the shortlist for the first-ever Cambodia Property Awards 2016?","date":"January 26, 2016","format":false,"excerpt":"\r The country\u2019s leading developers go head-to-head in the region\u2019s biggest real estate awards programme Nominees for the Cambodia installment of the Asia Property Awards, which rewards the region\u2019s finest real estate, were announced today, and include some of the country\u2019s most established and emerging developers and developments. The independent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Asia-Property-Awards-1024x682.jpg?fit=1024%2C682&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":68708,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-are-using-culture-as-a-trojan-horse-in-their-planning-battles-anna-minton\/","url_meta":{"origin":115971,"position":2},"title":"Developers are using culture as a Trojan horse in their planning battles | Anna Minton","date":"October 11, 2017","format":false,"excerpt":"\r Housebuilders appropriate art to sell luxury homes at the expense of local artists and communities. But now there\u2019s a fightback over \u2018artwashing\u2019London sells itself on being the world\u2019s cultural capital. Tate Modern had a record 6.4 million visitors following the opening of its new extension. Art fairs such as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/next-tallest-building-in-asean-could-soon-rise-in-phnom-penh\/","url_meta":{"origin":115971,"position":3},"title":"Next tallest building in ASEAN could soon rise in Phnom Penh","date":"March 21, 2016","format":false,"excerpt":"\r Cambodia\u2019s construction sector is reaching for the sky Image credit: Realestate.com.kh There\u2019s a new candidate for the next tallest building in the region, to be located on a multimillion riverside development in Phnom Penh, Realestate.com.kh reported. 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