I said it's not *that* profitable. Housebuilders and property developers are not the same, by the way.
Obviously if it weren't profitable at all, it wouldn't happen at all. We already see land lying undeveloped because between costs, taxes, obstructive councillors and the semi-hidden tax of affordable housing it's not economically viable. London needs 90,000 new homes a year even with steady demand (ie no more Boriswaves that increase demand for housing)...in 2024, about 30,000 were actually built.
https://www.london.gov.uk/who-we-are/what-london-assembly-does/questions-mayor/find-an-answer/new-homes-london-1
https://www.bidwells.co.uk/insights-reports-events/London-housing-delivery-crisis/
Recommended Posts
Archived
This topic is now archived and is closed to further replies.