Major drop-off in sales of London homes under construction

Demand seems to be drying up for new-build apartments in central London as planning pipelines balloon, reports investment house London Central Portfolio, with a worsening case of over-supply - which the…

The number of units under construction in central London has hit record levels, reports JLL. The current figure of 30,700 is up 8% on H2 2014 and 18% in the last year.

London new-build homes 'will reach record levels in 2017' - but there's an oversupply problem at £1,000+ psf, says Savills