From: roland@perry.uk
In message , at 12:16:57 on Mon, 8 Sep
2025, Norman Wells remarked:
>On 08/09/2025 10:59, Roland Perry wrote:
>
>> Near where I live is a green-field site with planning permission for
>>five or six detached homes. Two previous developers have thrown in the
>>towel, not having got beyond the foundations (but no roads). At the
>>latest asking price for the land, nobody could build a house and make
>>any profit at all. So nobody is.
>
>It's the free market in action. It will all balance out when supply
>matches demand.
In the mean time there's five or six houses which will never get built,
because the cost of doing so is more than the market price.
--
Roland Perry
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