Thu, 02 Feb 12
Despite a severe shortage of affordable homes in London, construction activity in the affordable housing sector in the capital is expected to fall, once the Olympics development is over, according to a new report from Drivers Jonas Deloitte.
The property consultancy’s latest London Residential Crane Survey says that new homes building activity has increased across Greater London in the past year, particularly in East London, where the Olympic Games will take place.
The report highlights that there has been a 40% rise in residential construction activity since this time last year.
But the report suggests that there is growing evidence to show that momentum in the housebuilding industry has started to wane, due mainly to mounting economic uncertainty and regulatory changes, with the volume of new homes schemes falling since the last survey.
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