Posts tagged "build-out rates"

Rose Grayston
Rose Grayston

By Rose Grayston

How central London’s luxury property price falls could make housing even less affordable

All the signs point to a slow-down in the London property market. Central London house prices dropped by 6.8% between 2015 and 2016, while the numbers of new homes under construction plummeted by 75%.[1] The problem is located almost entirely at the top of the market, with sales transactions collapsing by 86% for properties worth more than £10 million.[2]

Central London property values are eye-watering, far beyond the reach of most working London households. A fall in house … MORE...