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According to the survey on the most recent drivers Jonas Deloitte (DJD) cranes, only 22 schemas or 2.7 m - square foot are built in the heart of the capital, 52pc six months ago and less than one year 68pc.

The sharp drop in activity is a consequence of implementing disposal projects into recession, dried up and disappeared from the demand for companies to hire developers finance.

GDP figures have shown that the construction industry led to economic growth, but analysts warned that the improvement has been in public works and private sector projects are still limited, as shown in DJD report.

The slowdown of the projects is particularly evident in the city, where no new development has started this year, the first time that this has happened in the history of 20 years of the survey on the grues.Seulement four buildings are being constructed, which make up 1.3 m-square-foot space .According DJD, 2011 and 2012 will be the years further down for completion on the recording and the "bottom" of the current cycle.

However, the largest developers begin work once more on the projects main skyscrapers in the city, such as the talkie walkie and Cheesegrater, as they expected an improvement in demand for the company and a resumption of rent.

Construction on a wave of projects is due to start next year, but also of DJD could lead to the very real possibility of the market see an oversupply of space in 2014".

Anthony Duggan, Director and head of research at DJD, stated: "as the last cycle of development is nearing completion there is an important window of opportunity for developers, but there is a real chance that could distract from starvation at the feast in the coming years."

"We are moving towards a tipping point in the London markets where appetite for development could mean that the market swings too little space today with too much space in 2014 15.Nous expect that next year will see a frenzied effort by developers for plans have begun to catch growth forecast for the next years rental."

"The timing of these schemes is key - there is a clear window of opportunity in the next few years but after 2013 there is a real risk of overproduction.".

In the meantime, healthy expansion of the British economy in the third quarter is expected to be confirmed Wednesday that the national statistical Office updates his original estimate.

Economists expect growth of gross domestic product (GDP) will be left unrevised at 0 8pc after ONS said recently that he was hanging with his estimate of quarter-on-quarter to 4pc growth in construction.

Howard Archer, an economist at IHS added insight that nothing pointed out any "major review" to consider it as exit sector enormous services was developed by 0 6pc.

However, the annual growth rate seems likely be revised to 2 6pc of 2 8pc after dressed ONS the figure for the growth of the construction in the second quarter.

The demotion of the expansion of the sector 9. 6pc quarter-on-quarter 6. 8pc is supposed to pull 1. 2pc surprisingly high growth between April and June until 1. 0pc dependent if anything else is revised.

"Obviously any revision to the decline in GDP growth would be disappointing, but the economic picture as a whole would change not only this," said Mr. Archer.

The ONS will also give new details on spending, with Philip Shaw Investec, expect consumption of households do not correspond to the second quarter estimated growth of 0 7pc as retail sales lost pace.

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