Labour has set out its radical CPO proposals intended to boost housing numbers.
Well, we can't say we weren't warned, this approach has been trailed by Labour for months now, and even enjoys some support amongst the Conservatives. As always the devil will be in the detail, especially around how hope value in the land will be valued. Or not...
It is disappointing to see the old argument trotted out that developers can buy clever lawyers to "win" s106 agreement battles, and the poor planners can't. If there is any truth at all in that, it is only a question of applying resources more cleverly. The real truth is that the s106 system simply is not set up to capture increase in land value in the way these proposals are targeted.
It is alarming stuff and landowners and developers alike need to be taking this seriously, and planning now for this eventuality in their project documentation
Labour plans to make landowners sell to state for fraction of value