CPRE on land banking

“… Now is the time to get tough with the people in whose interest it is to ensure that just enough houses, and no more, get built each year to maintain healthy rises in property prices – a balancing act that is all about carefully failing to actually meet housing need.

Serious thought now needs to be given to incentivising developers to actually build houses. CPRE would suggest:

the granting of planning permission should be tied to a contract with the developer that determines the rate at which homes will be built;

failure to comply with the contract (or, in the absence of a contract, failure to construct homes at a reasonable rate) could lead to measures such as:

financial penalties on the developer; and/or

revocation of the developer’s right to build all or part of the outstanding planning permission, and delegation of that right to competing developers, including custom- and self-builders.

Then the Government might actually pass the test to make sure more houses are being built – and in the right places.”

http://www.cpre.org.uk/magazine/opinion/item/4269-stand-and-deliver