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‘ To what extent should the land and property market be deregulated, i.e. devoid of planning and land use regulation, and left to the market to determine, when, where, how much and for whom to develop or redevelop the built environment? What might be the
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ECONOMICS COURSEWORK ' To what extent should the land and property market be deregulated, i.e. devoid of planning and land use regulation, and left to the market to determine, when, where, how much and for whom to develop or redevelop the built environment? What might be the outcome of such a change of policy and what might be the social costs and benefits thereof?' "The British Land-Use planning system constitutes one of the most comprehensive systems of government land-use regulation anywhere in the industrialized world" (Pennington M, 2002) Since the end of the 1940's all land excluding Agricultural has had to follow the requirements of applying and obtaining Planning Permission due to the fact that development rights were nationalized. Anyone whether it be commercial or private wanting to develop their land / property must apply to their local planning authority for planning permission. Whether planning permission is granted or not is...
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