Fewer building starts, more completions: the pipeline is turning
- Housing starts
- −34,6 %indice 140.5
- Homes completed
- +22,6 %indice 131.1
What breaks ground and what gets finished are moving in opposite directions right now, and that gap decides how many new flats actually reach the market.
Building starts fell 34.6%, with the index at 140.5. Completions, meanwhile, rose 22.6%, to an index of 131.1. In other words, the flats finishing now are projects begun a while back; the thinner wave of new starts hasn't reached the market yet.
If you're hunting for a lease today, you're looking at what's already built, not what's coming. Ask the agent whether the flat on offer belongs to this recent completions wave, since that tells you how new the building really is.
Sources
General information. This is neither investment advice nor legal advice, and it does not predict where rates will go.
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