The other main driver is rents. If you ask any developer in a high cost area what they would wish for most of all, they would say rent growth. The other headwinds are annoying by manageable, a declining rental market is not.
Bit a of a damned if you do situation .... developers say we should build more housing to make it more affordable, but they need high rents to afford to build.
The other main driver is rents. If you ask any developer in a high cost area what they would wish for most of all, they would say rent growth. The other headwinds are annoying by manageable, a declining rental market is not.
Bit a of a damned if you do situation .... developers say we should build more housing to make it more affordable, but they need high rents to afford to build.