The British Housing Market: What has been happening?*
Stephen Nickell
What the paper says
Abstract: The current system of planning and development in the UK generates new homes at a rate which has been well below the rate of increase of households for many years. This has helped to generate very rapid increases in house prices relative to incomes in the last decade as well as rapidly lengthening waiting lists for social housing. The fundamental problem has been the severe rationing of land for new house building by Local Authorities as they respond to opposition to housing development on the part of their constituents and the absence of any significant financial incentives to encourage development. Our policy proposals are geared to alleviate the situation by allowing Local Authorities to access the large financial gains accruing to landowners consequent on the granting of planning permission. The money can then be used to subsidize social housing and improve the locality more generally.
6 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.22 × 0.4 = 0.09 |
| M · momentum | 0.20 × 0.15 = 0.03 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.