Land prices need to be better controlled

It only takes a few minutes in the company of Andrew Baum, recently appointed as the first real estate professor at Oxford University’s Said Business School, to realise why he now prefers to be an academic rather than the successful full-time property professional he trained to be. His heart is in teaching and research and in having a platform to “speak truth to power”, however unpalatable that truth may be to the natural conservatism and vested interests of the property world or the head-in-the-sand attitudes of truth-averse politicians. In this interview for The Property Chronicle, Prof Baum gives his views on property prices, the need for intervention in the property development market and why valuing real estate has become so tricky in an era of suppressed interest rates.

We should be able to control land prices more efficiently