Coutts London Prime Property Index
THE RISING TIDE OF NEW DEVELOPMENT
According to Coutts in their latest quarterly review of the London prime property market, the sight of cranes across the capital is an accepted phenomena. More than 26,000 new units are currently under construction or have received permission to start building in post codes covered by the Coutts London Prime Property Index as at December 2017.
This latest report is an interesting read for any property owner or potential speculator, to see the report click here. Current development in parts of the City of London reflects demand in these sought-after areas but is there a risk of a potential over-supply of luxury new builds leading to an increase in listing times for them and higher discounts than on existing homes?