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Government initiatives have fuelled stronger UK consumer sentimentand bolstered housing demand. The Central London residentialdevelopment market is reaping knock-on rewards. Domestic demandis resurgent, supplementing overseas appetite.
Developers are keen to respond to this new wave of heightened demandby readying themselves for action. They responded to the first wave lastyear, which is now bearing fruit as development starts have increasednotably. But new permissions and applications have slowed, raisingthe question as to whether developers can rise to meet the demandsof re-energised British and international buyers.
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31 October 2013