With the continued malaise in the UK mainstream housing market, traditional residential developers continue to seek alternative but related routes to profit, which can still draw on their core skills and expertise.
London's prime residential market value increase is underpinned by international investment. Is this insatiable appetite for property from the overseas market a gilt edged route to returns or a mine field for late entrants into a complex market?”
The UK government is implementing a wide range of measures that will impact on the delivery of new homes by developers in England.
Increasingly, this has involved considering alternative, but related, uses of the core business to improve margins, but even more importantly, to create greater certainty around development value and cashflow.
Efficiencies are maximised and the balance between in house and external cost base is optimised. Organisational design has to be lean and efficient but not decimated to prevent scalability in the future.
The governments policy to have all new homes ‘zero carbon’ by 2016 has been well publicised. With the introduction of the Code for Sustainable Homes and the Building a Greener Future
Mark Farmer Head of Private Residential t +44 (0) 20 7812 2910
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LAND + EXPERTISE + FUNDING= SUCCESSFUL RESIDENTIAL DEVELOPMENT
EC Harris and Savills Research: Focus on the UK mainstream residential recovery