BSR pitches role in reviving London flat market
Summary
The Building Safety Regulator says its oversight is helping to restore confidence in London’s flat market by improving perceptions of safety, credibility and value in existing residential buildings. BSR leaders also argued that closer engagement with industry is reducing delays in the gateway process and improving the passage of schemes through regulation.
Why it matters
Residential surveyors are likely to see continued influence from BSR processes on flat sales, valuations and development viability, particularly in London. The article highlights that building safety confidence remains a material factor in buyer behaviour and scheme delivery.
Key points
- BSR is positioning its role as economically important to the flat market, not just a regulatory function.
- The regulator says confidence in building safety is central to restoring demand and value in existing flats.
- BSR claims industry engagement is improving gateway outcomes and shortening application journeys.
- London’s flat market remains weak, with new supply far below assessed need.
- BSR acknowledges earlier operational criticism but says processes have improved.
Organisations:
Building Safety Regulator, Construction News
Regulations:
gateway process
Locations:
London
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