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London’s Unsold Homes Under Construction Increase to Record

Number of units rose to 31,508 led by Tower Hamlets borough


“Much of this stock is too expensive to qualify for government incentives such as Help-to-Buy, so normal people who want somewhere to live are not buying them,” said Tim Craine, founder of the property research firm. “Previously they would have been bought off-plan by foreign investors, but demand has been quelled over the past few years by government measures to discourage investment purchases of new homes.”


https://www.bloomberg.com/news/articles/2019-04-23/london-s-unsold-homes-under-construction-increase-to-record


#LondonProperty #Bloomberg #Economics #MoliorLondonResearch

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