Government coming up short on development, survey finds

By Hamish Champ2018-05-30T06:00:00

London Development Barometer found that 42% of respondents expected less development activity in the capital in the next five years

The prospect of falling development activity in London and concerns over Brexit are continuing to cause headaches for industry figures, according to a new poll.

Launched by consulting firm M3 last year, the latest London Development Barometer found that 42% of respondents expected less development activity in the capital in the next five years, while 82% felt the government was not doing enough to enable development.

And while a third of the 235 industry professionals surveyed this spring predicted an increase in development activity over the next five years compared to just 19% last autumn, the industry remained “overwhelmingly unconvinced by government action and the potential outcomes from Brexit”, the report’s authors said.

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