London's new homes set to drop to 15,000

A report by property consultancy Molior estimates that London will see only 15,000 private homes under construction by January 2027, a drastic decline from the typical 60,000 to 65,000. Currently, around 40,000 homes are being built, but this number is expected to fall due to a lack of new projects and rising construction costs. The report also highlights weak sales rates across all markets. 

The Standard (15/10/2025)