£77bn worth of luxury homes planned for London

15th April 2016

More than 35,000 high-end homes with a sales value of upwards of £77bn are set to be built in London in the next 10 years, according to new research, despite demand beginning to cool. Design and consultancy firm Arcadis said figures from 2015 showed there are 35,055 luxury homes in planning and development - 40% more than 2014's figure of around 25,000. The homes will have a combined floorspace larger than the whole of the City of London.

The Daily Telegraph (11/04/2016)