03/11/2026
“Relax, developers sell these homes for millions.” Every time we post about costs, someone says it.
So here’s my defence of property developers. The margin isn’t greed. It’s the price of risk:
Market: you’re pricing homes you won’t sell for 12 to 18 months.
Finance: your own cash and equity on the line, with interest ticking every day.
Cost: building costs jumped more than 30% in two years over COVID.
Site: you don’t know what’s under the ground until you dig.
Contractor: if your builder goes under, you’re rebuilding at today’s prices.
Time: every week of delay is another week of interest.
Are there bad developers? Of course, like any industry. But plenty are building good homes and doing right by the people they work with.
No margin, no risk-takers. No risk-takers, no new homes.
Agree or disagree?