Land

Land

19,000
football pitches — the size of the NHS Estate sold since 1982
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£15bn
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local-authority-owned assets sold since 2010
20%
of the wealth on the 2025 Sunday Times Rich List belonged to people whose listed source of total wealth included land, property or real estate
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One of the biggest privatisations in modern British history is relatively unknown: the mass sale of public land.

Since 1979, approximately one-tenth of Britain's entire territory has been sold off, from council assets to nationally-owned land.

By reducing public resources and concentrating ownership, this sell-off has worsened the housing crisis and helped build an economy where wealth is increasingly generated through the ownership of land and the capture of rent.

The scale of privatisation of public land has been matched by the sell-off of public housing. Since the introduction of the Right To Buy scheme in 1980, over two million social homes have been sold, and at a steep discount.

More than 40 per cent of homes sold under Right To Buy are now owned by private landlords, typically offering more expensive rent and less secure tenancies.

Who owns land and how they choose to use it fundamentally shapes how our economy operates and in whose benefit. To understand Rip-Off Britain we need to understand the scale and effect of privatisation — and begin to reclaim land for public benefit: affordable housing, thriving communities and healthy environments.

Click to view ownership data
UK Wealth Is Increasingly Determined by Land Value, Which Makes up 55% of Wealth
Total wealth by asset class, UK, 1996 to 2023
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Half of England and Scotland Is Owned by 1% of the Population
Land ownership by owner, England and Scotland, 2024
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Not Building but Trading — Real Estate Has Far Outpaced the Wider Economy Since the Global Financial Crisis
Gross value added, whole economy, construction and real estate activities (indexed to 2008, chained volume measures), UK, 1990 to 2024
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