Colin Jones and Craig Watkins Chichester: Housing markets and planning policy
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The central aim of the book is to argue that land use planning needs to be better informed through an enhanced understanding of economics and housing markets. The context is essentially that of the UK but the authors hope their lessons will have wider application. The contention that housing markets are poorly understood runs through the text along with the view that there are no easy answers to planning issues even if economics takes on a greatly improved role. It is claimed that the focus on the local level and the view that there is not one housing market but many interconnected submarkets is a distinctive feature of the book.
Following the introductory chapter, which sets out the aims and structure of the book, chapter two, on ‘the housing problem’, is essentially an account of affordability and production issues for owner-occupied housing. It reviews house price changes in the UK and supply constraints which inhibit higher rates of housing construction. Chapter three looks at how...