London Housing Development Faces 'Impossible' Challenges

A prominent housebuilder has issued a stark warning, declaring that constructing new homes in London is becoming virtually impossible. The primary obstacles cited are the escalating burden of high taxes and the pervasive issue of excessive red tape. These factors significantly inflate development costs and prolong project timelines, creating an environment that is increasingly hostile to new housing initiatives. This situation poses a considerable challenge to addressing London's ongoing housing shortage and impacts the broader construction and real estate sectors.