The Financial Times:
The solution to England's housing crisis lies in the green belt
5 February 2015
In a recent paper, Christian Hilber of the London School of Economics and Wouter Vermeulen of the Netherlands bureau for economic policy analysis, note that real house prices have grown faster in the UK over the past 40 years than in any other member of the Organisation for Economic Co-operation and Development. Prices, particularly in London and the South East, are among the highest in the world. In the absence of controls, real prices would have risen by around 90 per cent between 1974 and 2008, instead of 190 per cent. ... Paul Cheshire of the LSE even argues that these policies have made houses more similar to art or gold than to humble dwellings.
This article was published by the Financial Times on February 5, 2015
Link to article here
Related publications
'The Impact of Supply Constraints on House Prices in England', Christian A.L. Hilber and Wouter Vermeulen, SERC Discussion Paper No.119, September 2012
Turning Houses into Gold: The Failure of British Planning, Paul Cheshire. Article in CentrePiece Volume 19, Issue 1, Spring 2014
Related links
Paul Cheshire webpage
Christian Hilber webpage
Spatial Economics Research Centre website