UK Housing Developers Downsize Projects as Delays Hit High-Rises
BloombergThursday, July 31, 2025 at 4:00:12 AM
Big housing projects in the UK are getting scaled back or stuck in limbo due to frustrating delays. Take Greystar, a US real estate firm that bought prime London land in 2021 to build a flashy 300-unit rental tower. They submitted plans late last year—but after 40 weeks of waiting, they’re still twiddling their thumbs for approval. This isn’t just a one-off; it’s part of a wider slowdown hitting high-rise developments across the country.
Editor’s Note: If you’ve been wondering why new housing isn’t popping up as fast as it should, bureaucratic gridlock is a big culprit. These delays don’t just annoy developers—they shrink projects, reduce housing supply, and keep rents high. For cities like London, where space is tight and demand is sky-high, every stalled tower means more pressure on an already squeezed market.
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