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My strong suspicion though is that Cambridge resi land didn't become unviable in 2009, it just became unviable at 2008's land value. Or the landowner thought they'd make more cash by waiting.
Correct. The builder couldn’t pay the landowner what they wanted and still make a profit. It became unviable.
Hefty
My strong suspicion though is that Cambridge resi land didn't become unviable in 2009, it just became unviable at 2008's land value. Or the landowner thought they'd make more cash by waiting.
Going back to the original point, I really don't think that example supports the argument that more house price growth would lead to more building in the UK.