Planning System Drives Up House Prices In Expensive Areas, Says Report

High house prices in expensive cities have been caused by the planning system’s rationing of new homes in areas of high demand, according to a report out on 11 June. It suggests the planning system should be reformed to introduce the flexible zoning system used in Japan and some parts of America. In its report, Think Tank Centre for Cities explores the relationship between urban economies and housing wealth in England and Wales. The organisation finds that the “restrictive planning system” has made urban homeowners in the greater South East more than £80,000 richer over the past six years than those in other parts of England and Wales. Read more on the Planning Portal.

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