Construction supply chain issues ‘are going to significantly impact the delivery of completed new homes’
“Build cost inflation is the most talked about topic in the land market at the moment, and it is anticipated that this will not ease in the short term," warns Knight Frank. "This, combined with delays in the planning system, are going to significantly impact the delivery of completed new homes in the market.”
Virus fallout ‘will put significant pressure on supply chains’ but could quell rising construction costs
"When we come out of this, we may well end up working differently, and many [building] companies where they are able will look to significantly shorten supply lines," says Knight Frank.
Savills saw more new-build homes reservations in Q3 this year than in any previous quarter on record, while development land buyers focus on smaller sites.
More units are being built, says Savills, but we need more development in the South East
By Prime Resi
Companies in this articleKnight Frank
Longstanding independent firm ramps up resi division with recruitment of high-profile broker & star of Britain’s Most Expensive Houses as head of sales.
CBRE and Beauchamp Estates are about to launch sales at Three Kings Mayfair, for JV developers 1.61 London, Urbanwise and Valpre.
Andrew Russell & Ben Bentley's independent firm, The Country House Department, is on course for a 'record' year following a number of big-ticket deals.
Boutique development on Mount Street houses four luxury apartments designed by Rigby & Rigby, plus some retail and office space.
High-end specialists from Savills summarise the key drivers shaping the PCL lettings & sales markets this year.
Hamish Bruce has joined Inhous following stints at Marsh & Parsons and Black Brick.
Freehold swathe on sought-after Tite Street has scope for a significant prime resi scheme.
Walnut Tree House in Hampton Wick comes with a boathouse and private mooring, and was once home to the owner of Fortnum & Mason.
While eco-solutions require significant investment in terms of both strategy and execution, the long-term gains are already evident, explains Strutt & Parker's Josh Ayres.
By Josh Ayres
Real estate continues to be the largest concentration of wealth in the world, reveals Savills, worth almost four times the value of global GDP.
PCL has once again gone ‘on sale’ due to a near-term tumble for GBP, reports David Huggett.
Fixer-uppers are in high demand, says Rightmove.
The latest weekly data from LonRes shows a continuing spike in asking price reductions across both sales and rental markets.