Alasdair Nicholls, chief executive of prime residential developer Native Land, has admitted that sales volumes in the luxury London residential market have slowed down – although pricing is holding up and investors are still flocking towards high-quality schemes.
Speaking to EG at NEO Bankside on the south bank of the Thames, Nicholls said: “Volumes on sales are down on several years ago. There is a flight to quality and there are certainly buyers in the market. We’re fortunate enough to be achieving some very good sales.
“While volumes may be down, where there is limited stock, prices are remaining constant.”
In a wide-ranging interview, Nicholls touched upon the housing crisis, the construction skills shortage, and what Native Land’s pipeline is looking like.
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