Estate agents are among 83% of London firms that believe the recent riots have damaged the capital’s reputation to do business, according to a survey.
Of 135 London businesses polled by the London Chamber of Commerce and Industry, estate agents were among those that said the riots would deter investors from London. Retailers, finance companies and logistics firms were also among those quizzed.
A total of 73% of respondents also agreed that the four-day riots across London and other regional cities had highlighted the potential threat of civil disorder during next year’s Olympic Games.
Some 26% said they had increased security to protect their property.
Colin Stanbridge, chief executive of the LCCI, said: “At a time when the capital’s businesses should be focusing on growth and job creation, the riots have prevented them from going about their day-to-day business. Many firms have had to put contingency plans in place, with some forced to close early to save their property from possible criminal damage.”
joanna.bourke@estatesgazette.com
