There was a time when the thought of GLS sites getting no bids was unthinkable; and if there weren’t sufficient sites, the en-bloc market would be roaring. But recent events show just how much things have changed, from the 2017 era when land-starved developers saw every parcel as solid gold. As of today, the government has had to slow the supply due to developer disinterest; and the demand hasn’t changed despite the availability of prime sites: A dip in GLS sites for 2H 2024 The list of GLS sites has dipped from 5,450 potential new units in H1, to around 5,050 units in H2; and we may see further cuts in the year ahead. This is the first time since around 2021 that we’ve seen the supply of GLS sites dip (although it really isn’t by much at 7 per cent). Even with the reduction though, we’re looking at a totally new supply of 11,110 new homes for 2024, which is the highest single-year amount since the...