Developers scale back London housing plans

27th October 2017

Figures from the National House Building Council show that developers registered to build only 2,494 homes in London between July and September, representing a 35% fall from the same three months last year and the lowest level for a third quarter since 1992. Some 7,000 were registered to be built over the same period in 2015. Although quarterly figures can be volatile, there has been a 9% drop in the number of homes being registered by housebuilders in the year to date. The trend contrasts with the UK as a whole however, with more homes registered around the country between July and September than any third quarter since 2007, reaching 37,936 and up from 29,083 in the previous year.

The Times (25/10/2017)