London's Housebuilding Collapse Is a Huge Problem
The figures almost defy belief. Housing starts have fallen by more than 90% compared with the financial year ended in 2023, official data from the Greater London Authority show. Across two-thirds of the capital's boroughs, there were zero starts in the second quarter on developments with more than 20 private homes, according to researcher Molior London. Sales, meanwhile, are running at their weakest rate since 2009 with just 3,950 new homes purchased in the first half of 2025, the company said.
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