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Gráinne Gilmore, Knight Frank head of UK Residential Research, comments: The overall trend for development in London shows that demand for housing in the capital will continue to outstrip supply by quite some margin. There is widespread recognition of the housing shortage in the capital.
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Supply in central London boroughs will also be constrained, with pipeline data suggesting that new units delivered will meet less than half of housing requirements. Despite the undersupply developers need to be conscious of pricing, especially on the edges of prime central London, Knight Frank.
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However, the fluidity with which people can and do move across London suggests that the headline figures for supply and demand are a better indication of the wider trend in London. Ends For further information, please contact: Rosie Cade, Residential Development PR Manager, Notes to.