14 August 2024
Data by Knight Frank shows that following an improvement in the Spring of 2024, offers made on new homes in London fell by 50% in June and July 2024. Recent data indicates an improvement over the last few weeks.
According to Knight Frank, the best-selling schemes in London include One Park Drive (completed in 2022) and 10 Park Drive (completed in 2020) in Canary Wharf, where only 56 out of 830 private units are available. The Aura scheme in Notting Hill has 20 out of 111 private units available, with completion expected in 2024. In Kings Cross, the Capella scheme has six flats remaining out of 120 private units.
Primarily attracting domestic buyers, the former Empire House building in Chiswick has 45 private apartments remaining out of 121, and in the Clay Yard scheme in Hampstead, 75% of the private units have been sold off-plan, with completion in summer 2024.