Is The UK´s Housing Crisis Mostly Fuelled by Planning Issues or By Its Property Tax System? – with Tony Vickers

About this episode

Who really creates land value, who cashes in, and could changing how we tax land finally shift development from easy Greenfield wins to regenerating the brownfield sites where we actually need homes? – Tune in to find out. Paul once again sits down with Tony Vickers to unpack why the UK housing crisis is so deep and to discuss ways to fix it. They reveal why so many developers are pushed towards easier Greenfield deals while complex brownfield sites stall despite people wanting to live there more. Paul and Tony look at how smarter land and property taxation, like that used in Hong Kong, could rebalance incentives, so that more of the right homes get delivered in the right places. Use Paul´s Scorecard to test your current development assessment process and work out exactly how to improve it. Click here - http://bit.ly/MLASCORE or https://millbanklandacademy.scoreapp.com KEY TAKEAWAYS Land value rises because of what’s built around it e.g. new transport links,  – not what the landowner does. They sell that land at a huge premium, which means what is built on that land is expensive - the landowner gets the bonus - the people who move there effectively pay for it. If