Housebuilding Starts By Private Builders In London Fall 15 Per Cent

The number of new homes started by private housebuilders in London fell 15 per cent last year to the lowest level since 2013, figures reveal. Developers began building 23,130 homes in the capital in 2018, compared with 27,356 in 2017 and 33,774 in the recent peak year of 2015, according to data from analysts Molior London. The report says: “London has never recently been further away from building the number of homes it needs”, with a shortfall in 2016-17 of more than 24,500. Read more on the Homes & Property website.

https://www.homesandproperty.co.uk/property-news/massive-new-homes-slump-housebuilding-starts-by-private-builders-in-london-fall-15-per-cent-a127321.html