Quite so.
And to confirm it, you cannot claim compensation for any of: - loss of light, privacy, value of property, or any of the trees they have to dig up (they can't dig up your trees).
You can make your representations when Planning consent is sought for the site, however: -
the privacy one will only be dealt with in terms of minimum distances from windows to your garden - and the distances allowed aren't large
loss of light is unlikely to apply unless the next door house developed is really close.
value of property - don't even go there - it is not a valid reason for refusal of planning under the Town & Country Planning Acts.