You are here

SUBSCRIBERS

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes