Land banking - Revision history

Designing Buildings at 07:51, 26 August 2022

2022-08-26T07:51:29Z

← Older revision		Revision as of 07:51, 26 August 2022
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	In October 2017, [https://cweconomics.co.uk/wp-content/uploads/2017/10/CWEconomicsReport_Land_Banking.pdf The Role of Land Pipelines in the UK Housebuilding Process], a report commissioned by Barratt Developments, suggested that housebuilders’ land banks were ‘reasonable'.		In October 2017, [https://cweconomics.co.uk/wp-content/uploads/2017/10/CWEconomicsReport_Land_Banking.pdf The Role of Land Pipelines in the UK Housebuilding Process], a report commissioned by Barratt Developments, suggested that housebuilders’ land banks were ‘reasonable'.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings =
−		+
−	=== Related articles on Designing Buildings ~~Wiki ==~~=	+

	* Brownfield land.		* Brownfield land.
	* Brownfield registers.		* Brownfield registers.
	* Contaminated land.		* Contaminated land.
−	* Extensions to time limits for implementing existing planning permissions.
−	* Green belt planning practice guidance.
−	* Green belt.
	* Greenfield land.		* Greenfield land.
	* Housebuilder.		* Housebuilder.
	* Housing zones.		* Housing zones.
	* Landbanking and other animals.		* Landbanking and other animals.
		+	* Land grabbing.
	* Lyons Housing Review.		* Lyons Housing Review.
	* Political round-up October 2014.		* Political round-up October 2014.

82.33.41.18 at 14:07, 24 November 2021

2021-11-24T14:07:53Z

← Older revision		Revision as of 14:07, 24 November 2021
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	Land owners can wait many years before selling the land, during which time it will often remain empty, even if it is a developable site and there is a demand for property in the area. This can create blighted sites in key areas of communities that sit vacant for years, having a negative impact on the area and preventing other developments from taking place.		Land owners can wait many years before selling the land, during which time it will often remain empty, even if it is a developable site and there is a demand for property in the area. This can create blighted sites in key areas of communities that sit vacant for years, having a negative impact on the area and preventing other developments from taking place.

−	In cities such as London, ~~thhh~~	+	In cities such as London, the rapid increase in the value of land can make land banking a lucrative investment, however, by tying up sites, it can also prevent the demand for property from being satisfied, a demand which is the key cause of the increase in value of the investment.
−		+
−	he rapid increase in the value of land can make land banking a lucrative investment, however, by tying up sites, it can also prevent the demand for property from being satisfied, a demand which is the key cause of the increase in value of the investment.	+

	Land banking can also refer to sites for which planning permission has been granted, but where no construction work has begun, or where minimal construction has been undertaken to satisfy planning requirements that construction should start within 3 years of permission being granted. However, these may simply be stalled sites, where finances are not available to continue the works.		Land banking can also refer to sites for which planning permission has been granted, but where no construction work has begun, or where minimal construction has been undertaken to satisfy planning requirements that construction should start within 3 years of permission being granted. However, these may simply be stalled sites, where finances are not available to continue the works.

82.33.41.18 at 14:07, 24 November 2021

2021-11-24T14:07:25Z

← Older revision		Revision as of 14:07, 24 November 2021
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	Land owners can wait many years before selling the land, during which time it will often remain empty, even if it is a developable site and there is a demand for property in the area. This can create blighted sites in key areas of communities that sit vacant for years, having a negative impact on the area and preventing other developments from taking place.		Land owners can wait many years before selling the land, during which time it will often remain empty, even if it is a developable site and there is a demand for property in the area. This can create blighted sites in key areas of communities that sit vacant for years, having a negative impact on the area and preventing other developments from taking place.

−	In cities such as London, ~~the~~ rapid increase in the value of land can make land banking a lucrative investment, however, by tying up sites, it can also prevent the demand for property from being satisfied, a demand which is the key cause of the increase in value of the investment.	+	In cities such as London, thhh
		+
		+	he rapid increase in the value of land can make land banking a lucrative investment, however, by tying up sites, it can also prevent the demand for property from being satisfied, a demand which is the key cause of the increase in value of the investment.

	Land banking can also refer to sites for which planning permission has been granted, but where no construction work has begun, or where minimal construction has been undertaken to satisfy planning requirements that construction should start within 3 years of permission being granted. However, these may simply be stalled sites, where finances are not available to continue the works.		Land banking can also refer to sites for which planning permission has been granted, but where no construction work has begun, or where minimal construction has been undertaken to satisfy planning requirements that construction should start within 3 years of permission being granted. However, these may simply be stalled sites, where finances are not available to continue the works.

Designing Buildings at 08:35, 28 October 2020

2020-10-28T08:35:50Z

← Older revision		Revision as of 08:35, 28 October 2020
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	* Windfall site.		* Windfall site.

−	[[Category:~~Theory~~]] [[Category:~~Policy~~]] [[Category:DCN_Policy]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Policy]] [[Category:Theory]] [[Category:Policy]]

Editor at 14:18, 5 September 2018

2018-09-05T14:18:40Z

← Older revision		Revision as of 14:18, 5 September 2018
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	* Green belt.		* Green belt.
	* Greenfield land.		* Greenfield land.
		+	* Housebuilder.
	* Housing zones.		* Housing zones.
	* Landbanking and other animals.		* Landbanking and other animals.
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	* Windfall site.		* Windfall site.

−	[[Category:Theory]] [[Category:Policy]]	+	[[Category:Theory]] [[Category:Policy]] [[Category:DCN_Policy]]

Designing Buildings at 12:10, 2 February 2018

2018-02-02T12:10:01Z

← Older revision		Revision as of 12:10, 2 February 2018
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	Land banking can also refer to sites for which planning permission has been granted, but where no construction work has begun, or where minimal construction has been undertaken to satisfy planning requirements that construction should start within 3 years of permission being granted. However, these may simply be stalled sites, where finances are not available to continue the works.		Land banking can also refer to sites for which planning permission has been granted, but where no construction work has begun, or where minimal construction has been undertaken to satisfy planning requirements that construction should start within 3 years of permission being granted. However, these may simply be stalled sites, where finances are not available to continue the works.

−	In August 2013, the ~~[http://www.local.gov.uk/media-releases/-/journal_content/56/10180/4107631/NEWS~~ Local Government Association] (LGA) reported that despite the urgent need for new housing, there were 400,000 homes with planning permission that had not been built (although these figures were disputed by Planning Minister Nick Boles).	+	In August 2013, the Local Government Association (LGA) reported that despite the urgent need for new housing, there were 400,000 homes with planning permission that had not been built (although these figures were disputed by Planning Minister Nick Boles).

	The charge of ‘landbanking’ is often directed at property developers. In particular there is a belief that developers regulate the supply of land in order to artificially inflate prices. In 2014, then housing spokesperson for the Liberal Democrats Stephen Knight said, "…developers can get away with digging a hole in the ground weeks before their permission is due to expire in order to keep their planning consent alive, with no intention of actually carrying out full development for years to come."		The charge of ‘landbanking’ is often directed at property developers. In particular there is a belief that developers regulate the supply of land in order to artificially inflate prices. In 2014, then housing spokesperson for the Liberal Democrats Stephen Knight said, "…developers can get away with digging a hole in the ground weeks before their permission is due to expire in order to keep their planning consent alive, with no intention of actually carrying out full development for years to come."

Designing Buildings at 10:15, 26 October 2017

2017-10-26T10:15:46Z

← Older revision		Revision as of 10:15, 26 October 2017
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	In July 2017, a report published by housing charity Shelter suggested that in the previous five years, one third of the houses that had been granted planning permission were not actually built.		In July 2017, a report published by housing charity Shelter suggested that in the previous five years, one third of the houses that had been granted planning permission were not actually built.
		+
		+	In October 2017, [https://cweconomics.co.uk/wp-content/uploads/2017/10/CWEconomicsReport_Land_Banking.pdf The Role of Land Pipelines in the UK Housebuilding Process], a report commissioned by Barratt Developments, suggested that housebuilders’ land banks were ‘reasonable'.

	= Find out more =		= Find out more =

Designing Buildings at 10:58, 13 July 2017

2017-07-13T10:58:07Z

← Older revision		Revision as of 10:58, 13 July 2017
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	In June 2015, eight men were been convicted for running a £4.3 million land banking investment scheme, following an investigation by the FCA.		In June 2015, eight men were been convicted for running a £4.3 million land banking investment scheme, following an investigation by the FCA.
		+
		+	In July 2017, a report published by housing charity Shelter suggested that in the previous five years, one third of the houses that had been granted planning permission were not actually built.

	= Find out more =		= Find out more =

Editor at 15:18, 14 June 2017

2017-06-14T15:18:36Z

← Older revision		Revision as of 15:18, 14 June 2017
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	Proposals intended to combat land banking include the introduction of ‘use it or lose it’ powers allowing planning authorities to pressure owners to implement permissions more quickly. Alternatively, an annual land value tax could be introduced on all land other than owner-occupied properties to increase the incentive to put land to use.		Proposals intended to combat land banking include the introduction of ‘use it or lose it’ powers allowing planning authorities to pressure owners to implement permissions more quickly. Alternatively, an annual land value tax could be introduced on all land other than owner-occupied properties to increase the incentive to put land to use.

−	The [http://www.fca.org.uk/consumers/scams/investment-scams/land-banking Financial Conduct Authority] (FCA) identify land banking as a potential scam investment scheme, whereby land is purchased, broken up into small plots and then sold to individuals, sometimes from outside the UK, looking to cash in on the property boom. However, plots are often sold at very high prices, with the suggestion that they can be developed and good returns achieved, even though the land in question actually has no possibility of being developed. The FCA state, ‘Land banking companies divide land into smaller plots to sell it to investors on the basis that once it is available for development it will soar in value. However, the land is often in areas of natural beauty or historical interest, with little chance of it being built on.’	+	The [http://www.fca.org.uk/consumers/scams/investment-scams/land-banking Financial Conduct Authority] (FCA) identify land banking as a potential scam investment scheme, whereby land is purchased, broken up into small plots and then sold to individuals, sometimes from outside the UK, looking to cash in on the property boom. However, plots are often sold at very high prices, with the suggestion that they can be developed and good returns achieved, even though the land in question actually has no possibility of being developed.
		+
		+	The FCA state, ‘Land banking companies divide land into smaller plots to sell it to investors on the basis that once it is available for development it will soar in value. However, the land is often in areas of natural beauty or historical interest, with little chance of it being built on.’

	In June 2015, eight men were been convicted for running a £4.3 million land banking investment scheme, following an investigation by the FCA.		In June 2015, eight men were been convicted for running a £4.3 million land banking investment scheme, following an investigation by the FCA.
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	* Brownfield registers.		* Brownfield registers.
	* Contaminated land.		* Contaminated land.
		+	* Extensions to time limits for implementing existing planning permissions.
	* Green belt planning practice guidance.		* Green belt planning practice guidance.
	* Green belt.		* Green belt.

Editor at 11:33, 11 March 2016

2016-03-11T11:33:08Z

← Older revision		Revision as of 11:33, 11 March 2016
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	* Brownfield land.		* Brownfield land.
		+	* Brownfield registers.
	* Contaminated land.		* Contaminated land.
	* Green belt planning practice guidance.		* Green belt planning practice guidance.