London’s unsold new-build stock mountain piles up
London's unsold new-build stock mountain piles up
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;
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;
Central London new-build prices to out-perform over five years, forecasts JLL
Property consultancy predicts that central London developments will see 17.6% price growth by 2023, while the wider PCL market will manage 15.
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