Cautious funders are slowing down developments, according to some of the country’s biggest clients.

A report from cost and property consultant RLF said financial risk checks and legal hold-ups have been delaying schemes getting off the ground.

It added: “High land prices and strong investor appetite is matched with considerably tighter scrutiny on deals. Due diligence on schemes is taking longer as investors look to build a deeper understanding of the development before committing funds.

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