Housing: London Debate

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Housing: London

Lord Elton Excerpts
Monday 26th October 2015

(8 years, 6 months ago)

Lords Chamber
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Baroness Williams of Trafford Portrait Baroness Williams of Trafford
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My Lords, I think it is up to local authorities to decide what types of tenure they provide for the people who live in their localities.

Lord Elton Portrait Lord Elton (Con)
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My Lords, I understand that developers have a very large amount of buildable-on land held, as it were, in a land bank and awaiting changes in the economic climate. What consideration is given by the Government to bringing pressure to bear and getting this land released so that the price of housing goes down?

Baroness Williams of Trafford Portrait Baroness Williams of Trafford
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My Lords, the problem of land banking and not building on land that has permission is very serious and, yes, the Government are putting on pressure to get those starts moving.