§ Mr. Gouldasked the Secretary of State for the Environment how large an element is the cost of land, on average, in the final cost of development of residential, commercial and industrial sites, both within and outside the central London area.
§ Mr. OakesIn outer London about one-third, one-half and one-quarter respectively. The corresponding figures for residential and commercial development in central London are two-fifths and three-quarters respectively. Industrial development in central London would not normally be practicable at the high densities necessary to make it viable.