Property News · March 7, 2016

Glut of new-build properties leads to falling premiums in central London


Property investment firm LCP warns of bubble in new-build market, with the risk of oversupply suppressing yields and pricesPrices for luxury flats in some parts of London are likely to fall as an oversupply of properties erodes the premium being paid for new-builds, an investment firm said on Monday.The latest warning of a bubble at the top of the property market has been sounded by LCP, which advises investors on the residential market and runs property funds. It said new-build properties had been selling at a premium of as much as 25%, but oversupply in some parts of the market was likely to start eroding this. Continue reading…

Source : theguardian.com
Read more…Glut of new-build properties leads to falling premiums in central London

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