Redevelopment has been left in the hands of stupid, shortsighted and sometimes corrupt local councils, aided and abetted by third rate architects and get rich quick builders.
Jeremy Paxman "The English" isbn 0-14-029040-0
Credit Crunch has opened a gateway for every get rich quick person to apply for Demolition Consent and Planning Consent for schemes and sites which would normally not be considered.
These sites will be derelict for years until the economy recovers (if ever) sites to build low standard cheaply built expensive housing.
All at the expense of the Council Charge Payers through lost revenue.