Development Land values plunge in SW London...

or those developers building 10 or less units?

However how does the subject line square with your post?

"3.62: The council will also encourage the provision of affordable units on sites smaller than the size threshold where feasible and practicable".

Because there is now an inverse economy of scale - the bigger your development plot the *less* it is worth. You can't split it into smaller chunks. No one will buy it except a Housing Association. Less is more.

Not sure if they can do this at the moment but they're definately looking at it - private property left unoccupied for 6 months or more can be seconded by the councils anyway and used to house people they pick at council rents?

So how much have they plunged, since say this time last year?

At least 50%. I live next door to a factory. A couple of years ago they were offered £1.6m to demolish part of it and build 14 flats. Today the best offer for the *whole* factory is £800k.

At least 50%. I live next door to a factory. A couple of years ago they were offered 1.6m to demolish part of it and build 14 flats. Today the best offer for the *whole* factory is 800k.

======= Seems like a deal. Was 114k per unit (1.6M /14) now its 89k per unit(0.8M/9).

Also, since the units will be bigger you can sell them for more.

Doesn't work like that:

"4.2 The best use must be made of development sites...The Council will look closely at proposals that fall short of providing 10 or units to make sure the best use of land is achieved..."

Also your maths is faulty. You'd rather have £0.8m than £1.6m because

rgds, Alan

Also your maths is faulty. You'd rather have 0.8m than 1.6m because

=========== No, I'd rather *buy* it for 0.8M and build 9 houses, than 1.6M and build 14. [hence 'sounds like a deal']