Economic Appraisal and Viability

News, analysis and discussion of economic appraisal and viability of development proposals.

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Economic Appraisal and Viability News

Prime Minister says developer contributions consultation response due 'in near future'

Prime Minister says developer contributions consultation response due 'in near future'

The Prime Minister has suggested that the government will soon issue a response to a consultation it held earlier this year on changes to the developer contributions system.

Landowners made £13bn pre-tax profits in 2016/17 on planning permission value rises, report claims

Landowners made £13bn pre-tax profits in 2016/17 on planning permission value rises, report claims

Private landowners across England made pre-tax windfall profits of £13 billion in 2016/17 as a result of land being granted planning permission, according to a report that calls for public authorities to be allowed to capture more of this money for affordable homes and infrastructure.

MPs' land value capture report prompts property sector alarm

MPs' land value capture report prompts property sector alarm

Property groups have warned that acting on calls in an MPs' report for the government and councils to be allowed to capture a greater share of land value increases arising from planning decisions 'could exacerbate the housing crisis'.

Scrap 'hope value' to help deliver new homes and infrastructure, say MPs

Scrap 'hope value' to help deliver new homes and infrastructure, say MPs

Central and local government should claim a 'significant proportion' of land value increases arising from planning decisions and landowners' existing right to 'hope value' should be scrapped, a report by a cross-party committee of MPs has recommended.

Malthouse pours cold water on calls for stronger land value capture powers

Malthouse pours cold water on calls for stronger land value capture powers

Housing minister Kit Malthouse has poured cold water on calls for stronger powers to allow local authorities to buy land at values set prior to planning consent being granted, but he also indicated that the government could revisit such measures in the future.

Economic Appraisal and Viability Comment

Legal Viewpoint: Report sets new directions on infrastructure for growth

This month's Commons housing, communities and local government select committee land value capture inquiry report highlights ways the planning system can anticipate and recover the costs of infrastructure needed to deliver growth.

Legal Viewpoint: Decision highlights need for clear evidence on viability

Last month's High Court ruling on the Parkhurst Road development in north London has attracted wide attention.The headline planning point is that overpaying for a site, even to a government department, will not allow developers to reduce their affordable housing offer. The judgment, however, is worth reading for more than that.

Legal Viewpoint: Pooled fund held unlawful

It may be that a recent Supreme Court judgment on a dispute from north-east Scotland proves the most important case of 2017.

Ministers must tackle the corrosive impact of viability appraisal concerns, by Jamie Carpenter

Away from the main conference hall and the Prime Minister's mishap-strewn speech, one of the most compelling scenes to witness at last month's Conservative Party conference was the hard time given to the communities secretary by his own councillors over the use of viability assessments in the planning system.

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Economic Appraisal and Viability In Depth

How NPPF viability changes put councils in a stronger position

How NPPF viability changes put councils in a stronger position

Changes to national planning policy on viability assessments are likely to turn up the heat on applicants and strengthen the hand of local authorities, say observers.

How councils' land value capture powers should be strengthened, plus four other key National Infrastructure Assessment recommendations

How councils' land value capture powers should be strengthened, plus four other key National Infrastructure Assessment recommendations

Government advisory body the National Infrastructure Commission (NIC) published its 30-year assessment of the UK's long-term infrastructure needs earlier this week. Here are five things you need to know about the UK's first-ever National Infrastructure Assessment (NIA).

Why court ruling may only postpone small site viability reviews

Why court ruling may only postpone small site viability reviews

Developers of small schemes in London lacking a policy-compliant level of affordable housing may have won only a temporary reprieve from a controversial viability review requirement, observers predict.

How Crossrail 2 property tax may work

How Crossrail 2 property tax may work

A bold suggestion to tax property owners near Crossrail 2 stations to pay for the project faces a number of practical challenges before it could be implemented, say experts.


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