UK Parliament / Open data

Housing and Planning Bill

In a free market, how do you calculate the 20% discount within the first five years? Take year three. Who would decide the market price, and the subsidised—discounted—price? Would it be the estate agent; would there be some sort of independent valuer; or would it be the department? Who is going to do it? At that point, we would be interfering and trying to prejudge market values. I do not think that it will be possible.

Type
Proceeding contribution
Reference
769 c961 
Session
2015-16
Chamber / Committee
House of Lords chamber
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