Belfast·SPG002 Development Viability·Page 18·4.5.4
Risk realisation and developer return reduction
The realisation of risks such as falling land values or rising costs is not in itself sufficient justification for reducing the developer return below the standardised rate.
Given that potential risk is accounted for in this assumed return for developers at the plan making stage, the realisation of risk (e.g. a fall in land values or a rise in costs) would not itself be a reason to claim that a subsequent reduction in return would render a development unviable. Instead, a reduction in the level of return should be
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