Red tape has been cut to spur development, and the market may be responding. Developers are predicting a significant increase in building activity, with a boom expected in the next two years.

This predicted boom is driven by rising rents, which are continuing to skyrocket. Further details on the expected building boom and its potential impact are available from the source.

The source provides more information on the situation, including the potential effects of the predicted building boom on the market and the factors driving developer predictions.