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The revival of high-rise living in the UK and issues of cost and revenue in relation to height

Kunze, J.; (2005) The revival of high-rise living in the UK and issues of cost and revenue in relation to height. Masters thesis , UCL (University College London). Green open access

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Abstract

The following report explores the recent revival of tall residential buildings in the UK as well as issues of costs and revenues for such projects. The first part of the paper focuses on the background and the preconditions of the revival. The history of tall residential buildings and its impact on the image of highrise living is explored as well as some of the debate that surrounds the topic. However, the vast amount of related social, urban design and environmental issues are not part of the analysis. The phenomenon of the revival is described in numbers of completed buildings and with examples of built and proposed projects. Characteristics like the new type of occupiers and the provision of affordable housing are highlighted. The second part of the report and the main part of the research focus on the economic drivers behind tall residential developments. The issues of building costs and sales prices in relation to height are explored and values are gathered in several interviews with professionals. The findings are analysed and applied in a series of model calculations for developments with heights from 5 – 50 storeys. It seems that the disadvantages of building high are not balanced out by a premium in sales prices for height. The evidence found suggests that the economics of tall residential buildings change dramatically above 20 storeys. This corresponds with the height of structures that were built in recent years. However, the paper concludes that the data available was not sufficient to establish robust quantitative relationships between residential developments of different heights and that it is necessary for the benefit of all that more research on this topic is made publicly available.

Type: Thesis (Masters)
Title: The revival of high-rise living in the UK and issues of cost and revenue in relation to height
Open access status: An open access version is available from UCL Discovery
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning
URI: http://discovery.ucl.ac.uk/id/eprint/2647
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