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London's Stockpile of Unsold Homes Jumps to an All-Time High

  • Number of finished but unsold homes rose nearly 50% this year
  • Wandsworth and Croydon are capital’s most affected boroughs
Residential Property Around Canary Wharf As U.K. House Prices 'Virtually at Standstill'
Photographer: Simon Dawson/Bloomberg
Updated on

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. The borough with the biggest stockpile is Wandsworth, an area that borders the River Thames, followed by Croydon, an outer borough in the south of the city.