You are here

Pre-sales of London homes down by 27% in Q2

BT_20150729_LON29_1796615.jpg
Terraced houses in the Kensington and Chelsea borough of London. Developers are focusing on the most expensive areas like these, which have spurred the average sale price of brand-new properties in London past £1,000 a square foot for the first time.

London

DEMAND for London homes under construction slumped by 27 per cent in the second quarter as high prices and a sale-tax increase damped demand.

Pre-sales in the UK capital fell to about 5,109 units from 7,046 in the same period last year, broker Chestertons said, citing data

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom