New homes sales in London fall over tax hikes

19th August 2016

Sales of new homes in London fell by 43% in the six months to the end of June compared with a year earlier, according to analysis of Land Registry figures. Only 1,491 units were registered as sold in London's 11 inner boroughs. Buyers are now believed to have shifted their focus from high-rise apartments to cheaper homes that are offering better yields and higher capital growth.

The Times (16/08/2016)