The proportion of new homes being sold off-plan is falling rapidly as demand from landlords wanes.
Analysis by Hamptons found 34% of new homes in England and Wales were sold off-plan last year, down from a peak of 46% in 2016. It is the lowest level since 2013.
The big driver of the decline is a collapse in demand from landlords, with only 21% of off-plan purchases made by buy-to-let investors, compared with 70% in 2015.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
