Taxing developers to help pay for cladding remediation work is “laughable” the chair of a development firm has said. Andrew Southern, chair of developer Southern Grove, has criticised the government’s plan to introduce a new development levy in an attempt to alleviate the crisis that has seen thousands of leaseholders hit with extortionate bills to rectify historic issues with their buildings. Mr Southern said: “Why should a company that has never installed dangerous cladding, and perhaps never built high-rise blocks in the past, be tarred with the same brush and penalised when they’re no more responsible for this scandal than those in other sectors building cars, running our hospitals and educating our children?” Read more on Inside Housing.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
7 hours ago
