What size company do you need to be to develop property in London profitably and without significant risk?
My general feeling is that you will need to be very large to be in this game, and that restrictions around "affordable housing" probably lower the profit margin further, making it even more necessary to be large and able to handle multiple projects in parallel, etc.
-
-
Protracted planning processes and highly regulated expectations can mean requiring property developers to keep paying for more and more design work until the whole financial viability of a project needs to be questioned!
Show this thread -
I just checked and building contractors apparently have significant issues, while home builders are a little better off yet are fragile to changes in costs... (I haven't heard this discussed by
@londonyimby before but viability of property investment seems very relevant.)pic.twitter.com/cXJm0GlMgm
Show this thread -
A profit motive for building seems to me *absolutely essential*!
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.