50 industry experts including Tony Pidgley, Alastair Stewart and Hon Nick Raynsford were all consulted to compile this weighty 55-page report.
The Future of Residential Development, a 55-page investigation compiled following interviews with over 50 key figures in development, planning, economics and academia, is the first attempt to provide a comprehensive picture of how the credit crunch and the recession are changing the residential development sector.
It argues that a major ‘land transfer’ ’ is underway that could change the whole nature of the industry and the way it does business.
In response to their financial difficulties, volume builders have put large amounts of their land banks on the market.
The buyers are not necessarily companies associated with residential development. Sovereign wealth funds, speculative investors and wealthy individuals are all very visible.
Jon Neale, head of development research at Knight Frank, said: ‘This transfer of land, much of which is earmarked for development as part of the government’s drive to deliver millions of new homes, could have real implications for the industry.'