Developers are mad keen to build, because it turns a field worth £10k per acre for agriculture, into one worth £250-500k per acre with houses on it. I don’t think I agree that there’s really a finite demand for homes -many people will always want bigger homes, and for many people size of home is a determining factor in whether to have a bigger family / migrate to the UK. Developers are not some amorphous evil cabal, its usually a guy who owns options on a few fields and wants to build houses on them to make money. S/He’s not interested in what development happens elsewhere - they want to get a return on their investment, maybe buy another field if they’re successful. Don’t forget that a £250k return on a £10k field is still pretty blinking good (and, indeed, a significant part of the problem to begin with…)
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