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MoneyWeek: "The train crash waiting to happen in new-build property"

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"I read a stat in the FT yesterday that absolutely blew my mind.

"There are now 54,000 homes planned or under construction 'in the priciest areas of the capital'. Most will cost 'close to or above the £1m mark' and most are two-bed flats.

"Here's the mind-blowing bit: in the same areas last year, just 3,900 homes were sold for more than £1m. That would put potential supply at almost 14 times annual demand.

"Welcome to the train crash about to happen that is high-end, new-build property in London."

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