Has development activity reached a trough?

The stabilisation in development activity at the end of last year is encouraging but is not likely to mark the start of an upward trend. Indeed, with borrowing costs set to rise, and rental and capital value growth expected to slow further, we think that developers and lenders will continue to err on the side of caution.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.