Developers hit by Islington site value ruling

A legal ruling on an affordable housing dispute between developer Parkhurst Road and Islington Council is expected to have widespread ramifications for viability assessments in London.

The pair were in court arguing over the way in which affordable housing quotas and viability are established.

The developer argued the RICS’s guidance note should form the basis of the assessment, while the council claimed its borough-wide target should be factored in. The high court found in favour of the council.

Developments across the capital could become unviable following the ruling, which is expected