Who should own the value of land? Housing, power and the deep politics of land value capture

Shepherd, Edward ORCID: https://orcid.org/0000-0002-8711-5542 and White, Tim 2026. Who should own the value of land? Housing, power and the deep politics of land value capture. Glasgow: UK Collaborative Centre for Housing Evidence. Available at: https://housingevidence.ac.uk/project/who-should-o...

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Abstract

The rapidly intensifying housing crisis affecting many nations is in many ways a land value crisis. Land now constitutes most of the value of a home in the UK and is, therefore, the primary element in the composition of the housing costs that are pricing many out of the market. Land values therefore lie at the heart of widening social inequalities today. Who should be the primary beneficiary of these land values? Who or what, ultimately, should own the value of land and in what proportion? In England, answers to these fundamental political questions are hashed out in an arcane policy area: land value capture. This is the mechanism that shapes how land value increases that are the result of public policy or development decisions are distributed between state, community and private actors. It is a key means by which affordable housing is delivered. As the housing crisis becomes an emergency, with landownership and property-based accumulation at its centre, land value capture has risen up the political agenda in recent years.

Item Type:	Report (Other)
Date Type:	Published Online
Status:	Published
Schools:	Schools > Geography and Planning (GEOPL)
Additional Information:	Research Monograph
Publisher:	UK Collaborative Centre for Housing Evidence
ISBN:	9781036960339
Date of First Compliant Deposit:	2 April 2026
Last Modified:	29 Apr 2026 13:37
URI:	https://orca.cardiff.ac.uk/id/eprint/186157

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