The planning system has allowed soaring land values in
London to reduce the amount of affordable housing delivered, research
commissioned by London boroughs claims. Research reveals that since April 2009,
although average London house prices have nearly doubled from £245,000 to
£472,000, annual affordable housing delivery has dropped by 37%. The research,
commissioned by a group of 13 Labour-led authorities and published on Friday, centres
on the negotiations that take place between developers and local authorities
when negotiating Section 106 agreements, which involves an examination of a
scheme’s viability. The academics who produced the report recommended a
“complete rethink” of the viability testing process in planning as a result.
Read more on Inside Housing.
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