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You cannot regulate empty houses away

Hilber, Christian A. L. and Cheshire, Paul and Koster, Hans R. A. (2016) You cannot regulate empty houses away. Spatial Economics Research Centre Blog (16 May 2016). Blog.

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Abstract

Posted by Christian Hilber (SERC & LSE), Paul Cheshire (SERC & LSE) and Hans Koster (VU Amsterdam) “Almost 57,000 homes in London stand empty…” writes David Smith in the Guardian on May 4th. This he claims is a significant cause of London’s housing problem and the “Key to this is tackling buy-to-leave investing.” The answer to this ‘problem’ is for the mayor to refuse planning permission and for Boroughs ”…to introduce planning restrictions …to prohibit the deliberate practice of letting properties lie empty.“ This is not a view unique to David Smith. For example, the well-known architect Lord Rogers in arguing against the desirability of permitting offices to be converted to housing to help with London’s housing shortage noted: “Why should we rush to convert office blocks when we already have three-quarters of a million homes in England lying empty.”

Item Type: Online resource (Blog)
Official URL: http://spatial-economics.blogspot.co.uk/
Additional Information: © 2016 The Author(s)
Divisions: Geography & Environment
Spatial Economics Research Centre
Centre for Economic Performance
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JC Political theory
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Sets: Departments > Geography and Environment
Research centres and groups > Spatial Economics Research Centre
Research centres and groups > Centre for Economic Performance (CEP)
Research centres and groups > Greater London Group
Collections > LSE Spatial Economics Research Centre Blog
Date Deposited: 28 Jun 2017 10:18
Last Modified: 28 Jun 2017 10:18
URI: http://eprints.lse.ac.uk/id/eprint/82557

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