London’s stockpile of unsold homes jumps almost 50%

An artist impression of London City Island bird's eye view by EcoWorld Ballymore located south of the Thames, London. - Filepic

LONDON: London’s stock of completed but unsold homes has surged by almost half this year as Brexit uncertainty and affordability issues dog the housing market.

The number in the capital jumped to 2,374 units as of Sept 30, the most on record and up from 1,595 at the end of 2017, according to data compiled by Molior London.