Editor's note: This brief was summarised by The Property AI Team from a report by This Is Money Mortgages. Read the original article for full details.
Thousands of New Build London Homes Remain Unsold
Property agents say there are 22,000 new build homes in London that have not found a buyer. The report states that demand for flats in the capital has collapsed.
The article highlights that service charges, taxes, and high prices are factors putting off buyers and investors. This situation may be relevant for letting agents and inventory clerks monitoring trends in the London property market, particularly regarding new build stock and rental supply.
Source: This Is Money Mortgages