London’s unsold new-build stock mountain piles up

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;

Molior survey shows 4,646 units started construction across the capital during Q3, below 2018's quarterly average of over 4,700 units;

Property consultancy predicts that central London developments will see 17.6% price growth by 2023, while the wider PCL market will manage 15.