What is land banking? How could it be affecting the housing crisis? And does it really happen? Paul Smith, managing director of The Strategic Land Group, explains in this article for Building Magazine.
Planning applications for residential development are often justified by saying that the council doesn’t have a “five year supply of housing land.” But what does that mean exactly? And why is it so critical?
It’s that time of year when the Campaign to Protect Rural England publishes statistics about development in the Green Belt and loudly proclaims that it is under siege from developers. But is that really true?
Developers are often accused of restricting the supply of homes to boost profits - and causing the housing crisis. Such accusations of 'land banking' resurface every few months, but does it really happen?
If only we could bring the huge number of empty homes back into use, we're told, the housing crisis would be soled. But is bringing them back into use realistic? And will it even help the housing crisis?