Some great research from Thomas Forth
The logic goes like this,
Leeds is a democracy and thus allows homes to be built where there is least opposition. There is huge opposition to homes in outer wards and little opposition to homes in inner wards.
Home-builders build flats in inner wards and houses in outer wards. In effect Leeds has let the market build flats while restricting the number of houses.
House prices in Leeds have risen while flat prices have not. Building enough flats has kept prices down. Logically, building enough homes would do the same.
This research is mirrored internationally and a lesson is that allowing developers ‘as of right’ to develop upzoned densities in accessible locations keeps prices down.