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Abundance of land, shortage of housing
Posted on: 11 April 2012
By: mackene
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Filed under: News
Not enough is being done to reduce the extraordinarily high cost of housing in Britain, according to a new report from the Institute of Economic Affairs. The research looks at how housing costs in the UK have exploded in recent decades, while in many other countries the increase has been much lower and/or largely transitory. It adds that empirical evidence from around the world shows that planning restrictions are the key determinant of housing costs, and criticises the government’s new planning reforms for not doing enough to incentivise growth.
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