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Housebuilders Quit London, Government Hails Housing Shortage Success

Ministers Promise 1.5 Million Homes, Planning Departments Prevent the First Million LONDON, ENGLAND | Major housebuilders are warning that planning complexity and rising development costs are making London less attractive for investment. According to City A.M., companies including Berkeley Group and Taylor Wimpey have questioned the viability of future projects in the capital, despite the continuing shortage of housing. The news is awkward for Westminster, which has promised 1.5 million…