HC Deb 12 July 1965 vol 716 c17W
62. Dr. David Kerr

asked the Minister of Land and Natural Resources whether he is aware that local authorities in the London area have been forced to pay up to £100,000 for 2½ acres of land for building; and if he will introduce legislation at an early date to deal with this kind of exploitation.

Mr. Willey

Prices for land for building of this order or even higher are not unusual in the London area. In so far as these prices are due to the existence of development value, they will be dealt with by the legislation for the establishment of the Land Commission which I intend to introduce as soon as possible.