London’s new home supply to peak in 2017

7th April 2017

Total net completions in London, including sub-market and intermediate housing provision, are expected to peak at 46,500 this year, ahead of the minimum 42,000 homes a year target set by the London Plan, before falling sharply from next year. It is estimated that 58% of demand is for homes costing less than £450 per sq ft, which accounts for just 15% of the five year build forecast, while in comparison, oversupply was particularly acute above the £1,000 per sq ft price point.

The Daily Telegraph (04/04/2017)

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