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With lower house prices, there's no impetus to build properties to downsize into.
More and more Western hotel chains are announcing plans to build properties.
Last summer, both Stephen M. Case, the co-founder of AOL, and the hotel chain Mandarin Oriental announced plans to build properties there.
"The super-prime market moderated slightly, but we are continuing to see good demand for exceptional new build properties, such as Clarges Mayfair".
Developers are a beneficiary of the policy with land that was previously flood zoned potentially becoming safe to build properties on.
Where new build properties are concerned, perks from the builders are fairly common but, as always, it's important to weigh that against the price of the property.
Similar(40)
Rashid runs a construction firm that specialises in new-build properties but also has experience of building mosques.
The city had originally introduced controls in 1979, which covered buildings with five or more apartments but excluded new-build properties.
Traditional new-build properties rose by 8,860 units to 163,940.
Virtually all of the new-build properties over £30m were bought by foreign buyers.
The first phase of Help to Buy provides equity loans but only applies to purchasers of new-build properties.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com