The property sector in Birmingham said that the high-speed rail link connecting the Midlands to London would prove damaging to regeneration in the city in the short term.
Speaking to EGTV ahead of the election, agents and developers said that they thought there were a mixture of good and bad policies among all three parties with regards to the property sector, but that the main stimuli for the industry would come from the banks and return of finance.
Birmingham council has been in talks with a number of Middle Eastern sovereign funds over new sources of investment, although no plans have been formally announced.
The local authority is the largest in Europe, and is set to axe a further 2,000 jobs this year amid pressure over public spending.
The Institute of Fiscal Studies has predicted significant financial cuts for Birmingham post-election as more councils come under pressure to reduce spending.
