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The National House Building Council recorded a 13% annual decrease in new home registrations across the UK in the third quarter. Private sector registrations fell by 8%, while affordable housing saw a 23% drop.
The market for flats in London is experiencing a significant downturn, with a high percentage failing to sell within six months. Factors such as increased mortgage rates, service charges, and building safety concerns are contributing to the slump, impacting owners and the wider housing supply.
Barratt London has released 59 new flats at Hendon Waterside in West Hendon, Barnet. The Magnolia Apartments, priced from £350,000, are the last with direct views of the Welsh Harp Reservoir. The scheme includes affordable housing, a school, and a community centre.
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