To build 8,120 new flats: Government gifts freeholders £41bn, devalues flats by £200m … and torpedoes leasehold reform

Number 10 needs a new housing advisor, Sir Peter Bottomley tells Commons The government’s two-storey planning reform will create only 8,120 new flats over ten years – but has also inadvertently gifted residential freehold owners between £21 billion and £41.9 billion in increased development value In addition, existing flats will plummet in value by nearly … Continue reading To build 8,120 new flats: Government gifts freeholders £41bn, devalues flats by £200m … and torpedoes leasehold reform