Sales of London new build homes drop sharply: From first-time buyers to investors, why is nobody buying?

Sales of new-build homes in London are dropping sharply, according to the latest figures from property consultancy Molior. In 2022 there were 7,942 new build sales to British owner-occupiers. Investors don't want to buyWhat appetite remains for new build homes in London seems to be driven largely by companies. In 2022, there were 7,442 new build homes swallowed up by build to rent. But it's when prices go above £925,001 that stamp duty really ratchets up.