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about would review how land is valued under the mandatory purchase order process as part of efforts to address the housing shortage.
Under such orders, local authorities can effectively force owners to sell to make way for large housing projects or developments.
The Financial Times reports that the shadow levels up the secretary Lisa Nandy would introduce legislation to allow councils to purchase land at a price that does not reflect “expected value”, the value accrued through the expectation of future planning permission.
Labor argues that the proposal would not see the state paying below market value.
There is a problem, and the problem is that there simply isn’t enough housing in this country.
Rather, the proposal would see political restrictions taken into account in the same way that current rules, including the application of “expectation value,” impact the market price.
Officials believe such an approach would bring England in line with agreements in Germany, France and the Netherlands.
Housing supply is likely to dominate the months leading up to the next general election.
He Prime Minister he was forced early in his term to abandon plans for mandatory local housing targets as part of a plan to build 300,000 homes a year in response to a revolt by Tory MPs and activists.
But Sunak remains under pressure for Britain to build to increase housing supplies to alleviate rising rents and shortages.
Earlier this month, the Secretary of Housing miguel gove admitted the challenges faced by those who want to own a home.
“There is a problem, and the problem is that there just aren’t enough houses in this country,” he said.
“It’s getting harder and harder to get on the property ladder.”
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