Sat 04 Jan 2014
A quick compendium of the more important stories affecting London development over the last few months.
Estate agent Marsh and Parsons predicted that prime London house prices will rise by 5-7% in 2014 compared to 10.3% in 12 months. There has been a surge in development activity in and appetite for the serviced apartment sector since the Olympic Games, according to Jones Lang LaSalle. There has been a surge of new opening due to high demand for short and long term accommodation and scarcity of serviced apartment accommodation stock, with five confirmed projects in 2013 and 377 units in the development pipeline.