Comment
Greater Cambridge Local Plan Preferred Options
Representation ID: 57046
Received: 09/12/2021
Respondent: Dr William Harrold
I am told that 70% of house prices are from land value. The plan includes development of green field sites. This land should be acquired at current use value and either (a) kept as social housing as a price related to the cost of land and construction cost or (b) if sold at market rate then the windfall land value increase should all go to government for use on infrastructure and not to developers/ landowners who did nothing socically valuable to earn it.
I am told that 70% of house prices are from land value. The plan includes development of green field sites. This land should be acquired at current use value and either (a) kept as social housing as a price related to the cost of land and construction cost or (b) if sold at market rate then the windfall land value increase should all go to government for use on infrastructure and not to developers/ landowners who did nothing socically valuable to earn it.