Apr
24
Number of Unsold London Homes Under Construction Hits a Record
ByThe number of unsold London homes under construction rose to a record in the first quarter as higher taxes, affordability issues and economic uncertainty damp demand for the most expensive properties.
The number of properties being built or completed that have yet to find a buyer surged to 27,000 units from about 25,000 at the end of last year, according to a report by Molior London seen by Bloomberg News. That’s the highest level since the researcher began compiling data in 2009. A spokesman for Molior declined to comment…
Number of Unsold London Homes Under Construction Hits a Record
