Housebuilders pull out of London over Labour planning ‘nightmare’
FROM THE PUBLISHER
Top housebuilders have begun to pull out of London citing a “nightmare” of planning objections that have made developments unviable. Listed housebuilders Taylor Wimpey and Berkeley Group both said that the costs of navigating the huge complexities of red tape and planning processes in the capital are making them less willing to continue investing. This week, a judge rejected Berkeley’s appeal against the rejection of its plans to build 867 new homes on the site…
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