The way we use (and misuse) land is at the core of the housing crisis. I’ve written before about the huge disparity between agricultural and residential land prices, the fact that land is the major element in the value of a house, the appalling level of EU subsidy that goes to big landowners and which props up an inefficient system of land use, and the benefits of a land value tax.
Is there a chance that Brexit could lead to a better and more efficient use of land, and perhaps make more land available for housing?
Well, that will depend upon a number of imponderables or “known unknowns”. But here is my take on some of the key forces that could determine the pattern of land use in post-Brexit England. Continue reading