Property giants pay bosses £63m while sitting on enough land for 470,000 homes

Property giants have been accused of rewarding bosses for “exacerbating the housing crisis” after spending £63.6m on chief executive pay last year while sitting on more than 470,000 unused plots of land. The chief executives of Britain’s 10 biggest housing developers raked in a combined £63.6m, earning a median sum of £2.1m, according to figures compiled by the High Pay Centre. Four FTSE 100 companies handed £53.2m to their top bosses in total, a median pay packet of £5.7m. The 10 firms completed and sold 86,685 homes last year, but hold planning permission for 470,068 other plots of land on