London Residential New Build Market Report December 2024

Permissions and construction starts fell year-on-year but the number of applications increased, potentially pointing to renewed optimism among developers. However, this may also be skewed by existing applications being resubmitted to comply with new fire safety regulations. Meanwhile, development activity also fell in Prime Central London, contributing to the continued undersupply in the city’s most prestigious neighbourhoods.

Read our latest report to unlock insights and navigate London's residential market.