>It added: “Sales rates are weak across all local markets and at every price point. At prices up to £600 psf – the level at which most London owner-occupiers can buy – sales to individuals are virtually non-existent.”
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>The report added that high development costs means “it is unviable to build profitably in half of London – areas under £650 psf. This is **even if the land is provided free** and there are no planning obligations like CIL and affordable housing. “
Well yes, if the only bright idea to solve housing issues is “I’ll just make it a rule someone else has to solve the big problems of the day and pay for it then sit back and ignore the problem as I did a thing once”
Spoiler alert -problem not fixed, citizens become unhappy and resort to supporting more extreme political populists…..
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>It added: “Sales rates are weak across all local markets and at every price point. At prices up to £600 psf – the level at which most London owner-occupiers can buy – sales to individuals are virtually non-existent.”
–
>The report added that high development costs means “it is unviable to build profitably in half of London – areas under £650 psf. This is **even if the land is provided free** and there are no planning obligations like CIL and affordable housing. “
Well yes, if the only bright idea to solve housing issues is “I’ll just make it a rule someone else has to solve the big problems of the day and pay for it then sit back and ignore the problem as I did a thing once”
Spoiler alert -problem not fixed, citizens become unhappy and resort to supporting more extreme political populists…..
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