An exploration of the role and significance of specialist land promoters in the housing land development market in the UK

McAllister, Pat, Shepherd, Edward ORCID: https://orcid.org/0000-0002-8711-5542 and Wyatt, Pete 2023. An exploration of the role and significance of specialist land promoters in the housing land development market in the UK. Journal of Property Research 40 (2) , pp. 134-156. 10.1080/09599916.2022.2114927

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Abstract

Of all the inputs into housing production, land can be the most challenging to source. Over the last decade, the land promotion sector has taken a much more prominent role in converting the planning status of land in return for a proportion of the resultant increase in land value. This paper explores the significance of specialist land promoters in the strategic housing land market in the UK. The paper makes three contributions. First, it maps the range of organisations that promote land through the UK planning system and demonstrates the diversity and definitional fuzziness of the organisations operating in the contemporary UK land market. Second, in contrast to prior studies which have grouped specialist land promoters with other types of market actor, it finds that specialist land promoters made a relatively small contribution to the supply of housing land in the study period. Third, the paper shows that housebuilders account for a minority of planning consents for residential development, thereby suggesting that the degree of vertical integration in the land and housing development sector in the UK may be lower than presumed.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Geography and Planning (GEOPL)
Publisher:	Taylor & Francis (Routledge)
ISSN:	0959-9916
Date of First Compliant Deposit:	12 August 2022
Date of Acceptance:	10 August 2022
Last Modified:	09 Jun 2023 16:30
URI:	https://orca.cardiff.ac.uk/id/eprint/151871

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