High land values in the Sid Valley

Last weekend’s Countryfile on BBC One looked at how the high cost of land is affecting farmers and would-be house buyers:

This week the team are in south Wales.

Matt Baker is on the Gower Peninsula to learn about a project that’s not only creating new structures from the fabric of the land but also building a future for the people on it.

Tom Heap asks whether our countryside has become a tax haven for the super-rich…

South Wales – BBC Countryfile

 

And in today’s Guardian, George Monbiot proposes some radical ways out:

 

But how does this affect us here in the Sid Valley?

 

The Futures Forum has looked at the bigger issues – and how a bad set-up in the London property markets works its way into the rest of the country:

Futures Forum: How does the London property market affect the UK?

Futures Forum: How the corrupt London property market has happened >>> Kleptocracy, a hobbled planning system and an obsession with house prices

 

We are not immune to a little direct offshore investment either:

Futures Forum: Property acquired in Sidmouth by offshore companies

Futures Forum: Knowle relocation project: of Paradise Papers and specialising in vulture funds

 

And meanwhile, the value of a bit of farmland has skyrocketed with the potential of planning permission being given – which is one reason why developers are not giving up:

Painting of the proposed site for an industrial estate at Sidford, currently agricultural land, donated at the campaign’s public meeting in June 2018. It heads the campaign’s Facebook pages:

Say NO to Sidford Business Park

Futures Forum: Sidford business park >> A PUBLIC Inquiry to be held >> “The appeal will now proceed by means of an Inquiry and not a Hearing”

 

Finally, as a ‘solution’, the idea of ‘capturing’ rises in land value is gaining ground considerably:

Futures Forum: Land Value Capture > “measures which could radically increase housebuilding”

As covered on the FF blog:

Futures Forum: A solution to our housing problems: share the increases in the value of land with local communities
Futures Forum: Land value tax > A growing number of thinktanks and politicians support imposing a tax that would take a slice of rising land values.
Futures Forum: A solution to our housing problems: tax land values and give councils powers to benefit from planning approval windfalls
Futures Forum: A solution to our housing problems: land value capture
Futures Forum: Council tax should be replaced by a land value tax
Futures Forum: Land Value Uplift Tax >>> “Public investment on or near a piece of land significantly increases its value wherever you are.”

   
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