Tall building planning applications and construction starts in London during 2017 were down by 10% and 30%, respectively, on 2016’s totals.
Political and economic uncertainty are, in part, thought to be behind the slowdown.
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The tall building schemes that are coming through the planning system and starting construction are, increasingly, in the outer London boroughs – zones 3, 4 and 5 – and, mirroring the wider new-build housing market, are aimed at build-to-rent operators.
Watch the video below for an in-depth look at the state of London’s new-build residential market.
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