CENTRAL LONDON DEVELOPMENT
Residential development activity in Central London has slowed dramatically over the past year. The number of new unit starts in Q4 2016 was the lowest quarterly total since Q4 2011 and was a staggering 75% lower than a year earlier.
- New unit starts decline 75% in a year
- Under construction total passes peak in Q4
- Planning applications fall 27% during Q4
- Sales market looking brighter
- Prices tick up in Q4
- Launches and sales decline