Whether you’re talking about fashion, travel or indeed land, sustainability is the buzzword of the moment and something that every industry is placing greater focus and importance on.
Typically, when talking about sustainability we usually think of the environment, lowering the global carbon footprint, and making more ethical choices – and indeed this does apply to the housing industry with regards to the use of sustainable building materials – but when we mention sustainability in relation to land and developments, things are a little different.
UKSSD defines sustainable development as “development which meets the needs of the present without compromising the ability of future generations to meet their own needs”. In other words, sustainable developments are those that will meet the needs of the residents and local community but that will not cause detrimental effects to the local environment and resources.
So, in that case, what makes land sustainable?
Firstly, the land must be able to support the development. A piece of land located in the middle of nowhere, for example, will not have the resources or infrastructure available to support a community. Developers would have to factor this in to their development plan – often this can mean constructing shops, schools, medical facilities and more and will not only cost the developers more, but will take longer to complete.
Secondly, the affect on the environment must be considered. If developing a piece of land is likely to have a detrimental affect on the landscape, local environment, or indeed local wildlife, then it would not be considered a sustainable option for development and would in most cases be avoided.
Lastly, the ability for the local community to also support a new development affects the sustainability of a site. If the local community has shops, schools, medical facilities, and local transport connections it has the infrastructure in place to support growth. Equally, if the development on the site in question is earmarked for affordable housing, or will include structures such as community centres or playgrounds for children, it will benefit the local community in kind. If the local community is struggling to support the residents already living there however, and is in need of additional infrastructure to accommodate them, it would not present a suitable area for development and therefore the site would not be sustainable in nature.
This article is for educational purposes only and does not constitute investment advice. This article does not amount to an invitation or inducement to buy or sell an investment nor does it solicit any such offer or invitation in any jurisdiction.
In all cases, readers should conduct their own investigation and analysis of the data in the article. Readers are strongly encouraged to seek independent legal and financial advice when considering an investment in strategic land. All statements of opinion and/or belief contained in this article and all views expressed and all projections, forecasts or statements relating to expectations regarding future events represent Intro Crowd’s own assessment and interpretation of information available as at the date of this article.
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