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Affordable Housing

I accept that land values play an important part in determining the overall cost of housing, but I do not accept that that policy is having the effect of reducing land values. The problem is that, because of the restricted number of units that we can build, the land values rise whenever consent is granted. The land value for affordable housing rises as well, because that is the only kind of housing that can be built. So the policy is not having the desired effect that the hon. Gentleman suggests.