New study re­veals who owns the land in York­shire.

New study re­veals who has the re­gion’s land

Yorkshire Post - Business - - BUSINESS / VOICES - Lizzie Mur­phy BUSI­NESS RE­PORTER @lizziec­mur­phy

Al­most a third of York­shire is owned by cor­po­rate and com­mer­cial bodies, ac­cord­ing to new anal­y­sis pub­lished to­day.

Such own­ers hold 1.1m acres, ac­count­ing for 30 per cent of land in the re­gion, prop­erty data provider Search Ac­u­men found.

The fig­ure amounts to 28,352 sq ft for ev­ery house­hold in York­shire.

Own­ers in­clude lim­ited com­pa­nies and PLCs, cor­po­rate bodies, lo­cal au­thor­i­ties, county coun­cils, in­dus­trial and prov­i­dent so­ci­eties, un­lim­ited com­pa­nies, reg­is­tered so­ci­ety com­pa­nies, and hous­ing as­so­ci­a­tions or so­ci­eties.

Find­ings from HM Land Registry data cov­er­ing nearly 500,000 reg­is­tra­tions and over 11.5m acres of land in the UK show lim­ited com­pa­nies and PLCs own the ma­jor­ity of do­mes­tic com­mer­cial land in York­shire – 620,949 acres or 16 per cent, while cor­po­rate bodies ac­count for 326,999 acres – 8.6 per cent.

York­shire’s top three cor­po­rate and com­mer­cial landown­ers are the Queen, York­shire Wa­ter, and The Church Com­mis­sion­ers for Eng­land, which own a com­bined 3.8m acres of land, ac­count­ing for 5.7 per cent of all land across York­shire. The re­gion’s fig­ures mir­ror the na­tional av­er­age with nearly a third (31 per cent) of Eng­land and Wales held by do­mes­tic cor­po­rate and com­mer­cial own­ers.

Lim­ited com­pa­nies and PLCs hold 48 per cent of this land across Eng­land and Wales, while cor­po­rate bodies own 37 per cent, lo­cal au­thor­i­ties own 10 per cent and county coun­cils own three per cent.

The re­main­der is di­vided be­tween in­dus­trial and prov­i­dent so­ci­eties, un­lim­ited com­pa­nies, reg­is­tered so­ci­ety com­pa­nies, and hous­ing as­so­ci­a­tions or so­ci­eties.

The top 10 cor­po­rate and com­mer­cial landown­ers own nearly a tenth of Eng­land and Wales.

The South East has the largest area of land un­der do­mes­tic cor­po­rate and com­mer­cial own­er­ship, whereas the North East fea­tures the high­est con­cen­tra­tion of do­mes­tic cor­po­rate/com­mer­cial land.

Lim­ited com­pa­nies and PLCs ac­count for 60 per cent of cor­po­rate and com­mer­cial land in the East Mid­lands, the largest share of any re­gion.

An­drew Lloyd, in­set, manag­ing di­rec­tor of Search Ac­u­men, said: “In­creas­ing ac­cess to prop­erty data is dra­mat­i­cally im­prov­ing our un­der­stand­ing of land own­er­ship across the coun­try.

“The in­sights it re­veals can have im­por­tant im­pli­ca­tions and ben­e­fits for plan­ning and de­vel­op­ment in both res­i­den­tial and com­mer­cial mar­kets on a lo­cal level, from hous­ing to in­fra­struc­ture projects.

“While the South East holds the lion’s share of do­mes­tic cor­po­rate and com­mer­cially owned land, the im­por­tance of the ‘North­ern Pow­er­house’ and ‘Mid­lands En­gine’ is clearly vis­i­ble in the ma­jor land hold­ings by busi­ness in­ter­ests in th­ese ar­eas.

“Fur­ther south, as the Lon­don prop­erty mar­ket con­tin­ues to strug­gle to meet de­mand, there is likely to be on­go­ing pres­sure on its landown­ers to find more space for new hous­ing as well as com­mer­cial de­vel­op­ments.

He added: “Ac­cess to this kind of data is the lat­est sign of a sea-change that her­alds an ex­cit­ing and in­no­va­tive fu­ture, where the me­chan­ics of the prop­erty mar­ket are no longer held back by the lim­its of think­ing and tech­nol­ogy from yester-year.”

Ac­cess to this kind of data is the lat­est sign of a seachange that her­alds an ex­cit­ing fu­ture.

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