Thousands of London flats set to flood the property market

New research suggests the volume of new build apartments for sale is about to rise

As the strength of the pound increases, the investment in London property for foreign investors becomes less beneficial. Recent research has concluded that overseas investors may well sell off unfinished property in large numbers over the next two years.

The Guardian recently published findings from Cluttons’ head of research, Faisal Durrani. He indicated that as many as 30,000 residential properties, due to be finished in London in 2016 and 2017, were owned overseas investors who may wish to return them to the market.

Added to this is the fact that property price growth in London’s most expensive neighbourhoods has slowed down over the past year to just 0.9%. Making large investments less profitable than in the past.

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