London’s new-build market suffers as starts, completions and sales tumble
Construction starts in London totalled just 3,400 units in Q2, according to Molior, well down on last year's quarterly average of 5,800; the 4,700 sales recorded over the same period compared to a quarterly average of 5,200 during 2018 and 5,700 during 2017
What to read next
New-build sales rise across London while unit starts & completions slip
Molior survey shows 4,646 units started construction across the capital during Q3, below 2018's quarterly average of over 4,700 units;
By PrimeResi
Prime London Market Snapshot: Rents roar while sales ‘return to normal conditions one step at a time’
"There has never been a busier lettings market at any time over the last 20 years," says Knight Frank's head of prime lettings, David Mumby.
By PrimeResi
London’s resi development industry ‘made hay’ during Q1
Latest Molior survey of the capital's new-build scene shows sales and starts were both up significantly pre-lockdown
By PrimeResi
Companies in this article
MoliorMost read
Budget 2026: The prime resi industry’s hopes, fears & expectations
Special Feature: PrimeResi surveyed leading estate agents, buying agents, developers & advisors to gauge the luxury property sector's feelings & forecasts about this week's big fiscal event.
By PrimeResi
UK Sotheby’s lays claim to 88% of PCL’s £15mn-plus market
Luxury brokerage reports Q3 sales stats - including some eye-catching claims about its dominance at the top of the market.
Social Circuit: Marcus Cooper Group & Valouran launch boutique St John’s Wood scheme
In Pictures: Property crowd gathers to toast the conversion of a landmark former chapel into five luxury apartments.
New figures reveal £541mn Stamp Duty slump after Reeves Budget
Knight Frank has been crunching the numbers ahead of John Healey's big speech, revealing a sizeable drop in high-end sales and the Treasury's tax take.
Government confirms 100% ‘mansion tax’ premium for empty homes
Latest Measures & Industry Reactions: More details of the incoming High Value Council Tax Surcharge bills have been revealed, with first bills due to arrive in March 2028.
By PrimeResi
Savills brings in Aston Chase veteran Rosenblatt
Firm bolsters St John's Wood team with one of NW London's best-known operators.
Shackleton’s Kensington base lists at £20mn after owner’s ‘extraordinary journey’
Vendor navigated RBKC’s notoriously tough planning system to turn the explorer’s former family home into an art-filled ‘masterpiece’.
Talking Heads: Prime resi industry insiders respond to the Budget 2026
'Doing no harm isn't quite the same as doing some good,' comments one estate agency chief.
Buyer lands rare Georgian mansion in Fulham
The former home of Jemima Khan didn't hang around on the market for long.
Agency reports ‘renewed momentum’ in Prime Central London’s £4mn+ market
High-value transactions are up 62% as the firm continues to make heavyweight hires and expand its new broker division.
By PrimeResi
LATEST ARTICLES
OBR downgrades house price, transaction & construction forecasts
Fiscal watchdog expects 4% fewer property sales over the next five years than were predicted in March.
By PrimeResi
Sale agreed on final Knightsbridge Gate apartment
The last of the PCL scheme’s 15 residences has found a buyer, rounding off a sales campaign that saw guide prices hit £25mn.
Strutts puts AI to work on property search, claiming agency first
Heritage firm's new website takes buyer briefs in everyday speak, with listings also being readied for discovery through ChatGPT and its rivals.
Super-prime St John’s Wood project goes for above guide
'Buyers will move decisively for exceptional homes in the best locations,' says agency after sealing £10.1mn deal.
My Property Career: Quickfire Q&A with Knight Frank’s James Cleland
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.