land and property

England’s First Land Commission Focused on Community Wealth Building

Steve Rotheram, Metro Mayor of the Liverpool City Region, has today announced the establishment of England’s first Land Commission specifically established to review the use of public land for community wealth building, to be delivered in partnership with CLES.

Since the 1980s, land has come to be primarily treated as a financial asset, serving as a collateral against which banks create mortgage debt.   This has led to rising house prices and housing shortages, and has reduced overall productivity, with an increasing share of investment diverted to land from other more productive areas.