Housing Giant Announces No More Homes in London, Citing Broken Viability

Taylor Wimpey to stop building homes in London as development ‘reward has evaporated’

Taylor Wimpey says rising costs, planning requirements and squeezed profits mean the end of new developments

Top UK builder pulls out of London as economic case ‘evaporates’

Taylor Wimpey has no plans to build more homes in the capital because the viability of developing housing there is ‘fundamentally broken’

Housing giant announces no more homes in London, citing broken viability

The Architects’ Journal Housing giant announces no more homes in London, citing broken viability Taylor Wimpey, one of the country’s biggest property developers, has said it will not be building any more homes in London due to a ‘broken’ viability environment The post Housing giant announces no more homes in London, citing broken viability appeared first on The Architects’ Journal Josh Butler

Taylor Wimpey will not be building any more homes in London

Labour requires 88,000 houses a year to be built in London, or 22,000 every quarter. But developers face sluggish buyer demand and higher costs.