London skyline. Credit: Christopher Furlong/Getty Images

Regulatory delays under the Building Safety Act have negatively impacted the vast majority of institutional real estate investors, according to new data.

Originally implemented to tackle safety concerns in light of the devastating Grenfell fire , the Building Safety Act (BSR) has now created significant planning delays and “undermined market confidence”, according to Investec Real Estate’s bi-annual Future Living survey.

The Building Safety Act created the Building Safety Regulator (BSR), which oversees and approves building work for “higher-risk” buildings in England.

Despite a target of twelve weeks per application, approvals have been taking up to a year , causing a negative knock-on effect for businesses further down the

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