It's sounds wrong, but according to Homes & Property:
More private-sale homes are being built in London than at any time since the Eighties, as developers respond to spiralling demand.
12,700 new unites were sold in 2011, up from 8,500 in 2010 and fewer than 7,000 in 2009; and construction starts were up 37%. Half the properties are going off-plan, with a disappointing (for Londoners) number of those changing hands abroad, with developers doing deals on the property roadshow circuit.
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