Livingstone, N;
Fiorentino, S;
Short, M;
(2021)
Planning for residential ‘value’? London’s densification policies and impacts.
Buildings and Cities
, 2
(1)
pp. 203-219.
10.5334/bc.88.
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Abstract
This paper considers the agency and influence of planning processes and densification policies on urban landscapes in London. Urban transformation through residential densification can bring opportunities for real estate development, combined with longer term investment and financial gains for local authorities through planning gain. However, the measurements and indicators used to define density and its impacts could be better understood both objectively and subjectively through the lens of an extended notion of ‘value’. Such experiences of density can be viewed bluntly as positive or negative. This research investigates nuanced dimensions of density and adopts a primarily qualitative approach, reflecting on relevant literature and wider policy context through a discourse analysis relating to densification in London. The idea of elements of ‘value’ is explored and evaluated in ongoing developments through a detailed case study of Nine Elms, London. Quantitative data on the residential real estate market is used to illustrate investment flows. Conclusions consider best practice policy recommendations in relation to understandings of ‘value’.
| Type: | Article |
|---|---|
| Title: | Planning for residential ‘value’? London’s densification policies and impacts |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.5334/bc.88 |
| Publisher version: | https://doi.org/10.5334/bc.88 |
| Language: | English |
| Additional information: | This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. |
| Keywords: | cities, densification, housing, planning, real estate, urban, value, value creation, value extraction, London |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10121972 |
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