‘30,000 new-build homes to flood the London market’ as foreign buyers head for the exit

An agency has noted a surge in enquiries for low-build houses in prime central London of late.

Under pressure to cool a soaring housing market, the Australian government's proposed clampdown on foreign property buyers has raised a few eyebrows around the world.

NW8-based boutique agency Rescorp Residential has netted a £5,000 psf sale on South Audley Street W1, and predicts that Mayfair prices will breach £6,000 psf by the end of the year as Indian investors move…