Yes, developments starting now tend to be priced with an eye to the future whihc is lower potentially, with a cost basing in the present. Older developments were also priced with an eye to the future which was 10% up YOY, and cost basing for then, which was much much higher than now.
Builders are in survival mode, they’d do whatever they can to keep their doors open. Building is their only skill.
Cool.
Cow_tipping.