London housebuilding slowdown will continue until leasehold reformed, warns Pennycook
Summary
The housing minister has warned that London’s slowdown in housing development is likely to persist until the government completes its planned leasehold reforms. The article links the pace of housebuilding in the capital to the wider reform agenda for leasehold tenure.
Why it matters
Leasehold reform can affect development viability, sales strategy and the structure of new-build schemes, all of which are relevant to residential surveyors working in London and other leasehold-heavy markets. It also signals potential policy change that may influence valuation assumptions and market sentiment.
Key points
- London housing development is expected to remain slow in the near term.
- The housing minister says progress depends on completing leasehold reforms.
- The issue connects housing supply with tenure reform policy.
- Surveyors may need to watch for impacts on valuation and development assumptions.
Regulations:
leasehold reforms
Locations:
London
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