The Newshound

Just one in five new London homes is now being sold to British buyers as developers offload to overseas funds

From the Newshound archive · first published 21 September 2026 · last updated 22 September 2026.

Just one in five new London homes sold in Q2 2026 went to a UK individual buyer — down from nearly half a year earlier — as private equity and overseas funds snapped up 69% of new stock.
Just one in five new London homes sold in Q2 2026 went to a UK individual buyer — down from nearly half a year earlier — as private equity and overseas funds snapped up 69% of new stock.
Rightmove data shows only 42% of London homes listed for sale are finding any buyer at all — the lowest rate in Britain, against 91% in Scotland.
Rightmove data shows only 42% of London homes listed for sale are finding any buyer at all — the lowest rate in Britain, against 91% in Scotland.

Developers are bypassing individual UK buyers entirely and selling to private equity and overseas investment funds instead. The figures are a direct blow to Andy Burnham's already-struggling pledge to hit Labour's 1.5 million homes target.

Data firm Molior founder Tim Craine warns that 'people have stopped buying new homes in London' as flats became unsellable through traditional channels.

Separately, Rightmove finds only 42% of London homes for sale are finding any buyer at all — the lowest rate in Britain, against 91% in Scotland.

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