Fewer new-build homes were sold over the past three months in London than in any quarter for almost a decade, according to figures showing the extent of housing market impact from the new year covid-19 restrctions in the capital.

A report from research house Molior found that just 2,867 homes were sold in London on large sites in the first three months of 2021 – 44% down on the pre-covid first quarter of 2020.

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