How removing hope value from compulsory purchase compensation could speed up housing delivery

Governments have longed been focused on capturing development value seemingly on the founding belief that it is the planning system which creates additional value rather than market conditions. The next chapter is the exclusion of hope value (this being the value of land, above its existing use value, based on its potential for alternative uses such as the prospect of securing planning permission for residential development in the future) on all brownfield and allocated development land where it is compulsory purchased, with this seen as being a route to accelerate housing delivery and boost affordable housing supply.