

House builders are not a bunch of bankers
10 snips Jul 14, 2025
Michael Dnes, a consultant at Stonehaven and former Department for Transport employee, shares his insights on infrastructure planning. He tackles the myth of land-banking, highlighting systemic issues in the housing market. Dnes reveals fascinating tales, including how a nuclear plant was approved in just three days. The conversation delves into the challenges of expediting projects while maintaining thorough planning, and examines the evolving landscape of road construction and its historical context.
AI Snips
Chapters
Transcript
Episode notes
Debunking Land Banking Myth
- The popular theory that developers deliberately land bank to keep house prices high is mostly wrong.
- Data and multiple government reviews show no evidence of systematic land banking to manipulate the market.
Land Prices Drive Slow Build-Outs
- Developers hold land and slow build-outs due to high land costs tied to house prices.
- Selling too many houses too quickly risks collapsing prices, causing potential losses.
Government Faces Same Land Costs
- Government housebuilding faces the same land cost issues as private developers.
- Capping land prices or land value taxes could help break the link between land and house prices, making housing more affordable.