15/01/2025
Our specialist property and construction partner, Philip Rees Roberts, shares his insights on Compulsory Purchase Orders. The government proposes changing how land is valued when acquired under Compulsory Purchase Order powers, specifically by removing ‘hope value’ from assessments. This change aims to make land acquisition cheaper and facilitate new housing and infrastructure projects. However, it might not be as straightforward as it seems.
Philip highlights the potential implications of this proposal. He notes that while it might provide more certainty for acquiring authorities, it could also be detrimental for landowners, particularly for land allocated for housing but not yet developed. He further comments, that if the goal is to stop builders from holding onto land without developing it (land banking), then this approach may be too harsh and lacks supporting evidence.
Read the full article to gain a deeper insights into this complex issue and its impact on the property and construction sector 👉https://zurl.co/nK0lt
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