are They saying your place is in an area that’s a possible target for redevelopment?
If so at this stage you could sell up and get out.
Once the area becomes an official target for redevelopment- whether a vote has happened or not or there are defined plans in place- you can’t realistically expect to sell your home and you’ll be a passenger.
Were you planning on moving in the short term? If so I'd accelerate that process.
If not, you need to think through what the ramifications would be if your place became unsellable in the medium term, and what might happen if the LA failed to offer market rates to buy you out.
Ummmm
are They saying your place is in an area that’s a possible target for redevelopment?
If so at this stage you could sell up and get out.
Once the area becomes an official target for redevelopment- whether a vote has happened or not or there are defined plans in place- you can’t realistically expect to sell your home and you’ll be a passenger.