London’s residential development boom is showing signs of peaking with the number of units in the planning pipeline falling for the first time in four years.
Just 5,400 units were applied for in H1 2015, nearly a third of H2 2014’s total and almost half the five-year average of 10,000, according to data to be released by JLL this week.
In contrast, developers raced to start schemes in the pipeline as pricing continued to cool. Construction starts rose by 9% in the first half of the year.
