2008-12-31-莱坊-South_East_Residential_Development_Review_2009_8页_805kb

报告摘要

Emerging cautious optimism among homebuyers and developers in 2009, driven by increased sales volumes and interest in land acquisition, particularly for family homes.
Record low new build levels indicate potential supply shortages in 2010, benefiting developers proceeding with new or mothballed schemes.
654,000 new homes planned for the South East by 2020, but contradictions exist between regional strategy and housebuilders' focus on family housing, with development constrained by planning issues like the Thames Basin Heaths moratorium.

Major home price drops of 15-20% in key locations like Guildford and Sevenoaks impacted developers and buyers.
Reduced mortgage volumes and low sales activity during 2008-2009 shifted focus back to value-driven acquisitions and distressed land sales.

Developers returning to market selectively, prioritizing detached family homes in leafy areas while avoiding high-density flats except in high-demand zones.
Rental yields on new builds reach up to 7-8%, making them attractive for investors, bolstered by low interest rates and weak pound drawing foreign buyers.

Housing completions in 2008 fell 36% compared to 2007, with supply concentrated in areas like Hampshire and Kent.
Planning barriers, including virtual moratorium on Thames Basin Heaths development, and high Section 106 costs create hurdles, though delivery frameworks may ease restrictions.
Social housing delivery remains problematic due to reliance on legal agreements, with the Homes and Communities Agency intervening to support viable schemes.

Expectations of slow recovery in pricing and demand over the next 12 months, with supply likely to remain constrained by planning and economic factors.
Affluent areas may see price increases due to high demand, while supply deficits could exacerbate affordability issues in growth regions.

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