Land agent Aston Mead is calling on local councils to play a greater part in the push to create more affordable homes.
The company’s comments follow a recent analysis of London Land Commission data, which indicates that 93% of brownfield sites in London are owned by local authorities.
Aston Mead director Adam Hesse said: “The only way to build cheaper homes is to pay less for the land on which they are built. We can’t expect private landowners to reduce their profits by selling land at subsidised prices. So as the largest landowners in the country, it’s the councils which hold the key to solving the affordable housing crisis. They need to identify the brownfield sites they are currently sitting on, and make them available.”
Under the Housing and Planning Bill, all local authorities will be required to keep up-to-date registers of publicly-owned brownfield land that could be suitable for development and Hesse suggests that councils could start to act like residential property developers, perhaps in joint ventures with existing construction companies.
The recent ‘Domesday Book’ survey of all brownfield land owned by public bodies in London identified almost 37,000 brownfield sites (36,797), which in total could deliver over 100,000 homes.