Joining LBC’s James Max in the Property Week studio were James Mannix, head of residential investment at Knight Frank, and residential development partner Alex Lewis.
Mannix told Max that residential development in London could learn from the Japanese model, which could require smaller apartment development, in order to get a higher yield from residential property.
He said that, if you consider that an average professional in London is willing tyo pay £250 to £350 a week for accomodation, and you are developing in higher value areas, then you need to produce smaller units.
The pair also discussed who is investing in London residential, best places to invest in London, and the impact of stamp duty land tax.
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