London Residential Analysis 2017
Top of the market?
Over 52,000 units were under construction in London at the end of 2016. The highest we have ever recorded. So why are we calling the top of the market?
Compare 2016 starts with those started in 2015, and there is hardly any difference, a mere 249 units,that’s just one big scheme. The word we’re looking for here is plateau.
If the received wisdom is that the residential market moves in 5 to 6 year cycles then the end of this period of growth, which started in 2009, is long overdue.
However, cycles in any market only work if that market stays predictable but we think there could be a real game changer on the horizon.
Request EGi’s London Residential Market Analysis and discover borough by borough what’s being built, what’s being sold and more importantly, what isn’t, and where future opportunities lie.
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