Landowners ‘don’t pocket huge sums’ when selling, says housebuilder

By David Blackman2019-09-25T05:00:00

Crest Nicholson exec said the likelihood of farmers trousering £1m per acre is “an illusion”

A leading housebuilder has rebutted claims that the sums pocketed by landowners who sell to developers have ballooned in recent years.

Chris Tinker, chairman of major projects and strategic partnerships at top 10 housebuilder Crest Nicholson, told a Labour party conference fringe meeting organised by the Town and Country Planning Association (TCPA) on Sunday evening that the value of agricultural land per acre has remained stable since he joined the company in the late 1980s.

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