Think tank blasts high land prices

By Hamish Champ2018-08-28T14:11:00

Institute for Public Policy Research says more affordable housing is needed

New research has slammed rocketing land prices and called on the government to enact a range of reforms which will free up more land for affordable housing schemes.

A report by left-wing think tank the Institute for Public Policy Research (IPPR) argues that the UK’s “dysfunctional land market and soaring land values” have helped to create the conditions for a “broken housing market”.

According to the IPPR the current system “actively encourages speculation in the housing and land markets, which makes existing housing ever more unaffordable and new affordable homes ever harder to build”.

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