Community land auctions: moving towards implementation
Tim LeunigIn Budget 2011, George Osborne announced that the government will be piloting Community Land Auctions, an idea first put forward by Tim Leunig in 2007.
The report 'Community land auctions: working towards implementation' sets out this idea in more detail. It uses real figures from developers to show that in the south east, where housing is most needed, Community Land Auctions would raise at least £45,000 per house for the community that allowed them to be built.
CentreForum believes that this step-change in incentives will persuade people to back more housing in their area, rather than oppose it.
Download the full report.
"Land auctions are a radical way to change the community's incentives toward accepting development. It's time to test their practical value."
- Kate Barker, Chair of the UK Government Barker Review of Housing Supply
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