Completions of new homes in London by private builders
will plummet to just 18,000 by 2021 as developers adjust to lower rates of
sales in the capital, Savills has warned. The property consultancy released its
forecasts for the London property market today, showing total completions are
expected to peak at 46,500 homes this year, above the 42,000 target set in the
London Plan. However, it warns private starts will total just 21,500 this year,
with completions by the private sector dropping to 18,000 within four years as
builders adjust to lower sales rates. Read more on the Savills website.
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