Land Hoarding and Speculation Must End
This issue is not only affecting the property market for potential buyers. Land hoarding and speculation also affects the delivery of social housing. Higher land values consume a significant part of the budget of AHBs – who deliver much of our social and affordable housing – and directly impact the final cost of the houses and apartments. This has an obvious immediate impact on how many units they can deliver. It is also an issue when calculating the financial outlay for affordable and cost-rental housing, which in turn affects the price of sale or rent of a unit and the overall long-term sustainability of a scheme.