Is boomtown slowing down?

Glenigan's data has revealed signs of weakness in London's construction industry, with growth in 2016 far from a certainty. 

Glenigan's research shows that the value of starts fell by 11% in 2015. While from a much stronger base than any other part of the UK, only three of the UK's 12 regions and nations fared worse in 2015.

The value of planning approvals also fell by 3% last year, well behind the UK average of +15%. The value of residential approvals have declined more sharply; a combination of high building costs, increased Stamp duty for high end homes and concerns over skyrocketing price-to-income ratios may be weighing on the minds of residential developers.