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Abstract:

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CentrePiece Article
 Turning houses into gold: the failure of British planning
 Paul Cheshire
May 2014
Paper No' CEPCP421:
Full Paper (pdf)

CentrePiece 19 (1) Spring 2014

Tags: housing; house prices; planning; greenbelt; land development

Britain’s crisis of housing affordability is nothing to do with foreign speculators, according to Paul Cheshire. Rather, it is a result of decades of misguided planning policies that constrain the supply of land and turn houses into something like gold or artworks. Houses have been converted from places in which to live into people’s most important financial asset.
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