Futures Forum: Building on the green belt: the case for
Futures Forum: A solution to our housing problems: free up the market for truly affordable housing
This is based on some pretty logical conclusions:
Futures Forum: Adam Smith and rationing housing supply
Although much of the thinking might be deliberately provocative:
Futures Forum: A solution to our housing problems: we need more slums
This is a recent message from the Institute - with its latest proposals:
I wanted to let you know about our new paper, A Garden of One’s Own: Suggestions for development in the Metropolitan Green Belt. Housing costs in London are high and rising fast because supply just isn’t rising as fast as demand. Forget about ‘land banking’ or clamping down on foreign buyers – these are symptoms of the problem, and not very large parts of the story anyway. No, the problem is that we just aren’t building enough.
We’ve proposed building on the green belt before, in our well-regarded The Green Noose, but today’s paper puts some more meat on those bones. We’ve identified parts of London’s green belt that are close to existing infrastructure, that aren’t providing the amenity or environmental benefits that people want from green space, and that are ripe for building on. And we’ve tested the claims that people make about the green belt against what’s really happening.
The best part? All this land adds up to less than 4% of London’s green belt, but would provide enough space for one million new homes. And, as supply rises and costs fall, the price of other uses of land, like gardens and parks, falls too. That means more green space that people can actually use.
The report has been released as an exclusive in today’s Evening Standard and picked up by Bloomberg and others. I’ll be on LBC tonight discussing it, and we’ll be making the case for liberalizing planning throughout the Mayoral election campaign and beyond. Here at the Adam Smith Institute we believe that the private sector can provide high-quality homes and gardens that are affordable for everyone – all we need to do is let it.
A Garden of One’s Own: Suggestions for development in the Metropolitan Green Belt
A Garden of One’s Own: Suggestions for development in the Metropolitan Green Belt «