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Exactly.
I say go all out and let councils buy ransom strips at current value and sell them back to the developers... under condition that the money must be used for social housing. Boom.
JonoMarshall-
The current government, at least, will never do this because it would never undermine the interests of those who already own or have 'banked' prime land. This is the real story behind much of the 'housing crisis'. Given a sort-of-airing here:
https://www.theguardian.com/society/2015/sep/02/britain-farmland-tax-haven-reform
Vanneau
I assume the difference between here and the Dutch system is that the Dutch system allows the local authority to buy land based upon its current usage, which in most cases I imagine would mean they don't have to pay for development value. Introduce that rule overnight in the UK and you'd have a lot of PropCos going bust overnight, which might not help the underlying problem.