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Turning houses into gold: the failure of British planning

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  • Paul Cheshire

Abstract

Britain's crisis of housing affordability is nothing to do with foreign speculators, according to Paul Cheshire. Rather, it is a result of decades of misguided planning policies that constrain the supply of land and turn houses into something like gold or artworks. Houses have been converted from places in which to live into people's most important financial asset.

Suggested Citation

  • Paul Cheshire, 2014. "Turning houses into gold: the failure of British planning," CentrePiece - The magazine for economic performance 421, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:421
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    File URL: https://cep.lse.ac.uk/pubs/download/cp421.pdf
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    Cited by:

    1. Gabriel M. Ahlfeldt & Nancy Holman, 2018. "Distinctively Different: A New Approach to Valuing Architectural Amenities," Economic Journal, Royal Economic Society, vol. 128(608), pages 1-33, February.
    2. Chris Foye, 2022. "Section 106, Viability, And The Depoliticization Of English Land Value Capture Policy," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 46(2), pages 269-286, March.
    3. Nick Gallent & Dan Durrant & Neil May, 2017. "Housing supply, investment demand and money creation: A comment on the drivers of London’s housing crisis," Urban Studies, Urban Studies Journal Limited, vol. 54(10), pages 2204-2216, August.
    4. Bernard Fingleton & Franz Fuerst & Nikodem Szumilo, 2019. "Housing affordability: Is new local supply the key?," Environment and Planning A, , vol. 51(1), pages 25-50, February.
    5. Hilber, Christian A. L. & Schöni, Olivier, 2016. "Housing policies in the United Kingdom, Switzerland, and the United States: lessons learned," LSE Research Online Documents on Economics 72818, London School of Economics and Political Science, LSE Library.
    6. Gabriel Ahlfeldt & Pantelis Koutroumpis & Tommaso Valletti, 2017. "Speed 2.0: Evaluating Access to Universal Digital Highways," Journal of the European Economic Association, European Economic Association, vol. 15(3), pages 586-625.
    7. Samer Bagaeen, 2014. "Between a rock and hard place: House-building in Brighton and Hove," Planning Theory & Practice, Taylor & Francis Journals, vol. 15(4), pages 596-602, December.
    8. Bentley Daniel, 2018. "Market-led housing supply and the lure of demand stimulants in the UK," Administration, Sciendo, vol. 66(2), pages 179-191, May.

    More about this item

    Keywords

    Housing; house prices; planning; greenbelt; land development;
    All these keywords.

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