When the delivery date becomes elastic, the market reallocates risk, and the resale market often becomes the shock absorber. Our analysis indicates that resale prices for existing housing stock are experiencing significant upward pressure as current off-plan projects suffer from unprecedented delays. These delays are the result of a complex interplay between global geopolitical shocks, and a chronic dependency on imported construction materials. The underlying logic is straightforward: off-plan housing is, in effect, a promise to deliver future supply. However, this growth is being hampered by the skyrocketing costs of building materials, which have become a primary barrier to housing delivery.

Source: The Guardian March 30, 2026 05:04 UTC