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Evening Standard: "London building projects stall as confidence and investment drop"

Link to web site

"Low confidence and falling public investment are limiting output and job creation in the capital’s construction sector, the London Assembly has warned.

"... The report notes that amid a severe housing crisis, the capital has planning permission for 210,000 new homes. But they are not being built for a variety of reasons, including a large number of sites owned by 'non-builders', and smaller firms experiencing difficulties obtaining funding.

The Assembly’s economy committee heard that 45 per cent of sites with planning permission are owned by investors, foreign interests and the public sector."

Link to PDF file

Evening Standard Property:
"The Shard has developer on a high"

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