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9,000 new residential units expected in London

New research, which may be of interest to painters and decorators, shows that there is likely to be a surge in new prime residential development activity in central London over the coming years.

International built asset consultancy, EC Harris, found that a potential 9,000 units, with a value of £21billion, are expected to be built over the next nine years. It is thought that 4,000 of these will be on the market by 2015.

Explaining what is behind this expected boom, Mark Farmer, Head of Private Residential at EC Harris, said: "We are seeing accelerating development activity capitalising on the current high levels of international demand for prime residential property in London."

For further information on the research, visit: www.echarris.com.

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