Off-plan sales numbers slip
The share of new homes being sold off-plan has fallen from a peak of 39% in 2016 (c.69,000 units) to 33% in 2020 (c.49,000 units), according to a new index from Hamptons.
What to read next
Lodha UK celebrates ‘extraordinary’ £310m super-prime sales spree on Grosvenor Square
Over £310 million-worth of apartments were sold in just seven weeks at Lodha UK's flagship development in Mayfair - at an average price of over £24m.
New-build demand is running high, but completions are likely to dip next year
Zoopla has launched a new Housebuilder Hub, which collates the data and research for housebuilders.
Property ‘flipping’ makes a comeback, reaching highest level since 2008
The number of homes bought and sold again within 12 months has reached a 12-year high.
Most read
PCL heavyweight Willis joins Forbes-backed brokerage
EXCLUSIVE: Former Strutt & Parker board member signed up as Founder Partner and MD as Martin Bikhit builds out new UK luxury agency.
US buyer lands super-prime pied-à-terre at The Whiteley
PCL buying agency sources off-market 3,000+ sq ft apartment at landmark Bayswater scheme, amid signs of 'real momentum' returning to the prime London market.
Alex Michelin: How driverless cars will reshape the property market
Luxury development chief says driverless revolution could redraw the prime London map.
Arts & Crafts gem on Kensington Palace Gardens reborn as six ‘world-class’ residences
Luxury developer REDD unveils set of super-prime homes following ambitious five-year restoration of Philip Webb-designed landmark.
Time vs Money: Ollie Marshall on the changing calculation for Britain’s wealthy
Top buying agent on the expats who left to preserve their money - but may ultimately return to preserve their time.
HMRC wins high-stakes developer tax battle
Tax authority said £5.4mn dispute potentially had £1bn implications.
Prime London deal volumes pick up as buyers negotiate rather than walk
Latest numbers put transactions 2% above the five-year average - but it’s a very different picture depending on where you look.
Boutique London agency names new MD; opens Fulham office
Landstones has moved into the former Draker space on Fulham Road.
Trio of seasoned London agents sign to D&G’s self-employed broker model
Tania Smith, Dinishka Jayasena & Charlie Rosling previously held senior roles with the likes of Foxtons and Winkworth.
London Square picked for 133-home Waterloo scheme
Aldar-owned developer takes on resi element of major new health and life sciences quarter.
LATEST ARTICLES
Green light for £2bn Vauxhall Square mega-scheme
Pilbrow & Partners' 69-storey Vauxhall regen project squeaked through Lambeth's Planning Committee.
Arts & Crafts gem on Kensington Palace Gardens reborn as six ‘world-class’ residences
Luxury developer REDD unveils set of super-prime homes following ambitious five-year restoration of Philip Webb-designed landmark.
Savills makes key resi hire in Dubai
Greg Stockton is on board to link UK developers with investors, wealth managers and adviser in the Middle East.
$100k-a-month rentals now ‘almost normal’ in Manhattan
Ultra-prime lettings are surging as wealthy New Yorkers 'choose flexibility over ownership'.
In Charts: Surveying England’s housing stock as high value levy looms
Council Tax statistics shine a light on the composition of housing stock across England & Wales, highlighting the relative scarcity of high-value homes as the new surcharge on £2mn+ properties hoves into…