‘Welcome return of BTR’ boosts London’s new-build sector
Construction starts and sales rose in Q2, while construction completions were the highest in a couple of years, reports Molior.
London’s new-build market had a tough Q1
Fewer new homes sold in London during the first three months of 2021 than in any quarter since 2012, while construction starts hit a ten-year low.
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.
Since 2014, developers have built/started 18,000 more new homes in London than they have sold
New-build sales in London plummeted by 20% in Q4 - but over-supply is still growing, warns Molior
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