Property News · February 25, 2016

London luxury homebuilder warns of 'challenging' market conditions


Capco, which is redeveloping the site of Earls Court exhibition centre, sees shares fall amid concerns over a supply glutA developer behind a luxury London housing project has warned of challenging conditions in the capital’s property market, amid growing concerns of a supply glut in prime homes.Capital & Counties (Capco), which is leading the regeneration of the Earls Court exhibition centre in west London, has reported a slowdown in sales of luxury flats on the site. It blamed the weak demand on increasing supply of high-end housing across the capital and a new stamp duty surcharge on second homes, which comes into force in April. Continue reading…

Source : theguardian.com
Read more…London luxury homebuilder warns of ‘challenging’ market conditions

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