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.

Full Show: Surveillance (09/25)
33:23 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Ulrich Spiesshofer, chief executive officer at ABB, Burkhard Varnholt, global deputy chief investment officer at Credit Suisse, and Joerg Kukies, co-chief executive officer at Goldman Sachs Germany. (Source: Bloomberg)
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