Jul

London New Home Starts Surge 42% as Builders Ignore Brexit Woes

Second-quarter sales of homes being built rise by 30%
Total number of unsold homes under construction reaches record

London home starts rose to the highest in 18 months even as the number of unsold properties under construction climbed amid uncertainty surrounding Brexit.

Construction began on 6,962 units during the second quarter, according to a report by Molior London seen by Bloomberg News. That’s 42 percent higher than a year earlier and the most since the fourth quarter of 2015. A spokesman for Molior declined to comment…

Categories : Real Estate

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London New Home Starts Surge 42% as Builders Ignore Brexit Woes

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