Our Real Estate and Construction team recently spoke with Bisnow about the growing pressures affecting development viability across the UK real estate market.

Phil Westerman, Head of Real Estate and Construction, shared insight into the practical challenges developers are currently navigating, including delays within the planning system, rising construction and labour costs, and continued pressure on financing margins. The piece also touches on the impact of regulatory requirements, the viability pressures facing both residential and commercial schemes, and why some developers are reassessing where and how they bring projects forward.

Alongside the challenges, the discussion looks at how businesses are adapting their approach, from exploring opportunities in different regional markets to considering alternative delivery models and placing greater emphasis on collaboration with local authorities and advisers.

The article also includes insight from Liam McKeevor, Business Tax Partner, on the importance of early tax planning and understanding the reliefs and structures available when assessing development opportunities.

Read the full article on Bisnow here.

If you would like to discuss development viability, financing pressures, or the wider challenges affecting your projects, our Real Estate team can help. Fill out the form below and we’ll be in touch.