Deu no Mail online
05-12-2017, por Ruairi Casey
As UK land value hits 5 trillion pounds, calls for new tax rise
(..) Land is worth 5 trillion pounds ($7 trillion) and makes up more than half of Britain's value, the Office for National Statistics (ONS) said.
"Pretty much all of the problems in our housing system can be tracked back to the land market and the fact that land prices are outrageously high," Toby Lloyd, head of policy at the housing charity Shelter, told the Thomson Reuters Foundation.
Montagem: à beira do urbanismo
Imagens originais: creative commons
"It's making housing absolutely, appallingly unaffordable."
Average British house prices have more than doubled in the past two decades, and more than quadrupled in London. But average wages have risen by only a fraction of that amount.
By separating the value of buildings and land for the first time, the ONS showed that land value grew much faster than other assets, such as houses and machinery.
As the stock of land is fixed and housing is in short supply, continued growth in land value is not surprising, said Julian Jessop, chief economist at the Institute of Economic Affairs, a free-market think tank.
The latest data sharpened calls to tackle Britain's housing crisis by introducing a tax on the value of underlying land, rather than property, a proposal made by the opposition Labour Party in its 2017 manifesto. (Continua)
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