Working together to unlock housing delivery

Video Transcription

Pip Prongué:

What's exciting for me about the sector at the moment is the recognition that the private and public sectors do need to work together, and the risk sharing is now being recognised more because the forward funding market isn't there.

So, the burden that developers have historically had to bear all the way up to planning, starting on site and selling at the end—there's now that recognition that that's gone, and people need to work much closer together.

But that needs transparency across all parties in order for that to feed into the appraisals, feed into viability, so projects can get moving forwards.

Well, for me, the key change is actually that nothing needs to happen. I think right now what we need is some stability.

The year started off looking really confident that interest rates were going to come down. Obviously, we then had Iran. Right now, what the market needs is just some stability. It needs nothing to happen, to settle down and allow us to just get on and try and deliver.