Housebuilding Costs Too High In London

 

New timber frame houses development

If you are planning on building your first timber frame home then make sure you pick somewhere with affordable land costs, to make your budget go further.

House prices (and consequently land prices) are now so high in London that even major building companies are struggling to find the resources to start house building projects. This sore news won’t be welcomed by the thousands of people who want to build their own homes, if multinational businesses can’t afford it, how can individuals compete?

The number of companies starting new projects in the capital plummeted by 75 per cent in the last quarter, as prices for new builds fell 5.6 per cent. This means that builders are not making returns as quickly as before, which has slowed down house building significantly. This is the biggest drop since 2011.

Just over 1,200 houses were built in central London in the last quarter of 2016, with zones one and two the most affected. The news will come as a surprise as the capital has been the focus of concerted home building since the recession ended, with many new developments springing up to fulfil demand from overseas buyers.

Adam Challis, head of UK residential research at JLL blamed a number of factors. “There is a confluence of factors — weaker values hurting the revenue side of the equation for developers, who are at the same time experiencing build cost inflation which is ahead of expectations,”

“There are also concerns around what were quite toppy land prices in the past 24 months . . . schemes are really being pushed to their limits in terms of viability,” he told the Financial Times.

The introduction of new stamp duty rates also disproportionately affected the capital, which has been blamed for lack of interest from buyers, as has Brexit.

It is expected that interest will shift to outer London where land prices and construction costs are lower, and housing demand is rising.

Rising land prices

The capital isn’t the only place proving unaffordable for house builders. Land prices in Scotland also went up sharply in recent years, as it has in Wales.

If you are planning your own self-build you will know how hard it is to find a plot of land to build on, but there are a number of sites that can help. Land can become available from a wide range of sources that you may not be expecting, such as railway companies, universities, traditional landowners , the coal authority, and local district and county councils.

Make sure you keep an eye on all of these to ensure you don’t lose out on prime land that doesn’t appear on some of the more popular plot finding website.

The average cost of a self-built home including land, £255,543, is higher than the average cost of a buying a home, £255,543, but this fact can hide the reality that a self-built home is often worth 20-25 per cent more than the cost of building it when put on the market.

Comments

  1. viagra online pharmacy
    viagra without prescription
    what is the price of real viagra
    [url=http://bfviagrajlu.com/#]viagra without doctor[/url]
    cheap viagra pay with paypal

  2. buying viagra cialis and levitra
    viagra without a doctor prescription
    erfahrungen online apotheken viagra
    [url=http://bfviagrajlu.com/#]viagra without a doctor prescription[/url]
    herbal viagra sale ireland

  3. price of levitra in canada
    buy viagra online
    [url=http://viagrajfeg.com/]online viagra[/url]
    find cialis cheap
    online cialis
    [url=http://cialisdmge.com/]cialis online[/url]
    viagra in chennai online

  4. cheap cialis uk online
    cialis online pharmacy
    acheter cialis discount
    [url=http://fgocialisgfeb.com/#]cialis canada[/url]
    order cialis usa

  5. viagra medicina online cialis
    viagra coupons 75 off
    getting emails myself viagra
    [url=http://fastshipptoday.com/#]online viagra[/url]
    prices real viagra

  6. can you take viagra while trying to get pregnant
    viagra for sale uk
    se puede comprar viagra sin receta en argentina
    [url=http://fastshipptoday.com/#]generic viagra[/url]
    where can i get generic viagra

  7. mail order cialis generic
    buy cialis
    ordering cialis online legal
    [url=http://fkdcialiskhp.com/#]tadalafil generic[/url]
    fake cialis pills

  8. buy brand cialis online no prescription
    cialis online
    cialis c20 pills
    [url=http://bvbmcialisgba.com/#]buy cialis[/url]
    order cialis online overnight

  9. cafe casino [url=https://casinomegaslotos.com/]canada casino[/url]
    casino slots new slot
    game slots [url=https://casinomegaslotos.com/]casino bonus[/url]
    new casino online roulette
    game slot [url=https://casinomegaslotos.com/]new slot[/url]
    casinos online royal vegas
    best online casinos [url=https://casinomegaslotos.com/]online casino[/url]
    best online slot sites play slots
    online casino [url=https://casinomegaslotos.com/]bovada[/url]
    online casinos fruit machines online

  10. celebrex
    [url=http://hqcelebrex2017.com/]celebrex prices[/url]
    celebrex online
    finasteride 1mg
    [url=http://hqfinasteride2017.com/]finasteride 5mg[/url]
    finasteride
    propecia

  11. cheap legal cialis
    cheap cialis
    generic cialis buy
    [url=http://gmwcialisfnw.com/#]buy cialis online[/url]
    order viagra cialis canada

  12. how to buy generic cialis
    cialis online
    buy cialis from usa
    [url=http://gmwcialisfnw.com/#]buy cialis[/url]
    cheapest cialis

  13. cheapest cialis canada .com
    tadalafil generic
    cialis china buy
    [url=http://tbnacialiskj.com/#]tadalafil generic[/url]
    buy black cialis online

  14. cheap cialis in australia
    generic cialis 2017
    generic cialis sale
    [url=http://tbnacialiskj.com/#]tadalafil generic[/url]
    is it illegal to order cialis online

  15. viagra pills ukhttp://canadapharmacyonlinewxr.com/generic viagra canadacanadian pharmacy viagraviagra samples

  16. cheap cialis in nz
    cialis prices
    cialis compare discount price
    [url=http://fmacialisuhy.com/#]cialis pills[/url]
    cialis sale uk

  17. herbal viagra http://canadianpharmacyonlinecevt.com/ kamagra viagra buy viagracheap viagra 100mg

  18. buy cialis dapoxetine
    cialis without a doctor’s prescription
    cheapest cialis from india
    [url=http://vnacialisfbvn.com/#]cialis without a prescription[/url]
    cialis pills india

  19. how to buy cialis online safely
    buy cialis
    safe place order cialis online
    [url=http://cialisemk.com/]buy cialis online[/url]
    generic cialis cheapest price

  20. how to buy cialis over the counter
    cialis 5mg
    cheap cialis with no prescription
    [url=http://cialisemk.com/]buy cialis online[/url]
    buy cialis online discount

  21. online loans
    [url=https://smajloans.com/]cash advance loans[/url]
    payday loans online
    payday loans online
    [url=https://loanstrast.com/]pay day loan[/url]
    payday loans
    online payday loans
    [url=https://loansfast.us.com/]online payday loans[/url]
    pay day loan
    payday loans online

  22. play casino online
    [url=http://real777money.com/]casino online[/url]
    casino online
    best us casinos online

  23. debt consolidation home loan – https://paydayloans-online.us.org/ installment loans poor credit [url=https://paydayloans-online.us.org/]payday loan[/url] ’

  24. cash advance loans
    [url=https://smajloans.com/]pay day loans[/url]
    cash loans
    payday loan online

  25. how to find real viagra online
    viagra without prescription
    buy viagra in london
    [url=http://thjsildenafiljkvc.com/#]viagra without prescription[/url]
    can i take two 100mg viagra
    viagra no script
    150mg viagra
    [url=http://bfviagrajlu.com/#]viagra no prescription[/url]
    can you buy viagra uk

  26. online loans no credit check instant approval https://now24paydayloans.com/ consolidate credit card debt [url=https://now24paydayloans.com/]cash advance loans[/url]

  27. can you buy levitra from canada
    levitra 20 mg
    where to order levitra online
    [url=http://levitradbws.com/#]levitra generic[/url]
    buy cheap levitra no prescription
    levitra 20 mg
    canada levitra buy online
    [url=http://vardenafilghns.com/#]levitra 20 mg[/url]
    buy levitra online in canada

  28. buy levitra in europe
    levitra prices
    buy cheap levitra online
    [url=http://levitradbws.com/#]levitra 20 mg[/url]
    buy levitra uk online
    levitra 20 mg
    order levitra
    [url=http://vardenafilghns.com/#]vardenafil[/url]
    buy levitra 20 mg online

  29. autocad structural detailing 2017 license has expired
    autocad download
    autocad mac student 2014
    [url=http://autocadtymafq.com/#]autocad download[/url]
    where to buy autocad software
    autocad 2018
    autocad designs samples download
    [url=http://autocadbnaqk.com/#]autocad[/url]
    autocad lt 2002 upgrade

  30. cheap cialis online no prescription
    cialis prices
    cialis cheap prescription
    [url=http://cialisbhascse.com/#]cialis online pharmacy[/url]
    cheaper viagra cialis levitra
    generic cialis
    cialis pills sale
    [url=http://cialistgaveff.com/#]cialis pills[/url]
    cheap-cialis-e.com

  31. cialis pills in uk
    cialis coupons 2018
    cialis usa buy
    [url=http://cialisruyfk.com/#]cialis coupons[/url]
    where can i buy cialis or viagra on line
    cialis without doctor
    cialis sale australia
    [url=http://cialisuotukhfh.com/#]cialis without a doctor’s prescription[/url]
    cialis pills expire

  32. canadian pharmacies
    pharmacy online
    canadian pharmacies
    [url=http://canadianymmgfd.com/#]online pharmacies[/url]
    International Pharmacies that Ship to the USA
    legitimate canadian mail order pharmacies
    Legitimate Canadian Mail Order Pharmacies
    [url=http://pharmacyryutjfg.com/#]online pharmacies canada[/url]
    canadian pharmacy online

  33. prescriptions online
    online pharmacies
    International Pharmacies that Ship to the USA
    [url=http://canadianymmgfd.com/#]canadian pharmacies online[/url]
    online pharmacies that do not require a prescription
    approved canadian online pharmacies
    List of Safe Online Pharmacies
    [url=http://pharmacyryutjfg.com/#]online pharmacies canada[/url]
    online pharmacy without scripts

  34. get viagra australia
    buy sildenafil citrate online
    how easy is it to get viagra prescription
    [url=http://viagrawayshfj.com/#]sildenafil citrate online[/url]
    can i buy viagra in asda
    buy generic viagra
    buy viagra online perscription
    [url=http://sildenafilvcnfgjty.com/#]viagra pills[/url]
    mg viagra take

  35. online viagra kaufen
    viagra without a doctor
    buy viagra duane reade
    [url=http://gsviagraridfj.com/#]viagra no prescription[/url]
    viagra soft tabs online
    viagra
    pfizer viagra sales 2008
    [url=http://amhviagraufgk.com/#]viagra coupon[/url]
    can you get viagra performance anxiety

  36. buy brand viagra cheap
    viagra without a doctor
    where to buy viagra over counter
    [url=http://szviagrahqegh.com/#]viagra without doctor[/url]
    herbal viagra 8000mg
    cheap viagra
    can you buy viagra shops uk
    [url=http://kcviagratykfgj.com/#]viagra price[/url]
    where can i buy viagra yahoo answers

  37. viagra online in pakistan
    viagra without prescription
    does generic viagra work as well as viagra
    [url=http://szviagrahqegh.com/#]viagra without a doctor prescription[/url]
    long does 50mg viagra work
    viagra price
    cheap viagra kamagra from the u.k
    [url=http://kcviagratykfgj.com/#]viagra cheap[/url]
    took 100mg viagra nothing happened

Speak Your Mind

*

*