The time between schemes winning planning approval and starting on site has grown by nearly 14 per cent over the past five years, according to research firm Glenigan
The industry tracker’s studies found that in 2012 projects went from detailed planning approval to construction in 22 months, but this rose to 25 months in 2017.
The figures, however, show a wide variance in time scales between sectors, with the median gap for private housing only rising by one month, while community and amenity schemes rose by 12 months.
Speaking to the AJ, Glenigan economics director Allan Wilen said: ‘It is interesting, with the current focus on whether developers are holding up housing development by landbanking residential sites, that these figures seem to show it is not a big issue.’
He said the Brexit vote and general economic uncertainty appeared to have hit some sectors harder than others.
The gap in industrial and retail schemes both rose by three months over the period, the hotel and leisure sector saw a six-month rise, while medical and scientific grew by seven months.
Education and social housing both saw rises of three months.
Wilen said: ‘Some of the biggest rises in the gap between permission and construction beginning have been in public-sector schemes. There has been a lot of political turbulence in the past two years, which could have held up some decisions.’