By Professor Neil Crosby, Professor of Real Estate & Planning, University of Reading
With the increase in house prices in London since 2008, and resultant increase in land values, there might be an expectation that the number of affordable homes provided within residential development schemes would meet local planning authority policy expectations.
However, this has not happened. Instead, the percentage of affordable housing delivered within schemes has actually fallen. These were the findings of a research project I co-authored, which was commended in the recent RTPI Awards for Research Excellence.