New forecasts suggest that demand for London property will continue to outstrip supply over the next decade.
The predictions published in Knight Frank's new London Development 2012 report are based on the results of new modelling of household growth forecasts based on the latest census data which give an estimate of demand in central and wider London over the next 10 years.
The figures suggest that in the wider London market, an average of around 24 000 units per year could be built over the next ten years, but there will be additional demand for an extra 37 000 homes per year. The shortfall in central London is even more pronounced, especially when the demand for second homes is taken into account.
Source: http://www.propertywire.com/news/europe/london-housing-market-demand-201209146936.html