London Housing Investment Is `Poor Timing': EC Harris
Jan. 21 -- London Mayor Boris Johnson's pledge to spend 1.25 billion pounds ($1.9 billion) of public money to build affordable homes is ill-timed because of construction-cost inflation, says Mark Farmer, head of private residential at EC Harris. About 15 percent more homes could have been built if the same level of investment had been made in 2012, Farmer told Bloomberg's Neil Callanan in a Jan. 15 interview.
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