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Headline

Update to guidance on viability assessments being drafted

Comment

This is good news but the welcome should remain a cautious one until the draft is available for consultation. A key issue is the existing value ascribed to the land to be developed. The present system seems to allow too much hope value to be included in land values. It is important that the EUV+ or existing use value plus method is applied rather than market values which simply allow the institutionalisation of overpayment for land. Also there must be a more rigorous way for local planning authorities to benefit from increases in final development value which occur post viability assessment.

Posted date

17 October, 2018

Posted time

1:01 pm

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