RICS Rural Policy Paper
The Rural Policy Paper suggests that the owners of England’s 5,000 largest rural estates should release land for eight or more affordable homes. They suggest offering partial inheritance tax exemptions which would allow heirs to circumvent paying tax on affordable properties within the estate. The properties would be based on long leaseholds, allowing the estates to retain long-term interests in the land.
The report cites a recent pioneering scheme in East Devon. The county’s largest private landowner Lord Clinton, facilitated the development of 19 affordable homes in the town of Budleigh Salerton, made up of both rented and shared ownership properties, through working with the Cornerstone Housing Association.
RICS point out that in contrast to the turn of the last century, when Britain’s landowners adopted a more patriarchal and philanthropic approach, affordable rural housing has hit a shortfall of 76%.
Market towns are also highlighted as engines of economic growth in rural areas. RICS urge the government to extend the current devolution agenda, that has focused mainly on George Osborne’s ‘Northern Powerhouse’ scheme, to market towns that could be transformed into a new generation of enterprise zones.
As well as reviewing property in the rural economy, the report focused on:
- Land industries such as farming, forestry and tourism.
- Natural capital markets.
- Energy production and use.
Featured articles and news
RIAS criticise the transfer of responsibility from construction professionals to other parties less involved with the design process.
Take a look at this new music/arts centre in Calgary, with subtle curves and a skybridge.
Building Automation and Control Systems (BACS) market in North America continues to grow.
Frank Lloyd Wright's last major project, the Solomon R. Guggenheim Museum in New York.
Designing Buildings Wiki attended the Surface Design Show and spoke with 2 leading figures in natural stone and hotel design.
How can data from homes help plan smarter cities?
CIOB launch new toolkit to help tackle modern day slavery in construction.
Have a read of our introductory article on bored piles.
Have a look at this striking new 'H-shaped' office building in China.
Read about the pile foundation solutions BAUER have delivered for Battersea Power Station.
As it's Valentine's Day, read the story of this 'labour of love' castle built on Heart Island.
An introductory guide to the project team for building design and construction.