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Turning houses into gold: the failure of British planning

Posted on: 28 April 2014
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Filed under: News

Britainā€™s crisis of housing affordability is nothing to do with foreign speculators, according to Professor Paul Cheshire. The author, from the LSEā€™s Centre for Economic Performance, suggests that it is a result of decades of misguided planning policies that constrain the supply of land. He adds that houses have been converted from places in which to live into peopleā€™s most important financial asset. Professor Cheshire also considers the social and environmental benefits of greenbelts.

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