You are here

Record number of new luxury homes remain unsold in London

BT_20161109_LUX_2588339.jpg
Terraced houses in London's Notting Hill. The property market has been grinding to a halt as concerns about the economy following the Brexit vote and rising property taxes deter buyers.

London

THE number of unsold central-London homes under construction will reach a record high this year, increasing the risk that developers' bets on rising demand for luxury properties will go sour.

Homes being built without a buyer secured will reach 10,829, a 24 per cent rise

sentifi.com

Market voices on:

Powered by GET.comGetCom