At £630m, forward funding transactions accounted for the bulk of activity in the quarter.
These transactions were split between London and the regional centres.
There were 1,967 housing starts during Q3, up from the 727 recorded in the previous quarter.
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A further 2,617 homes were completed in Q3, bringing the total number of completed homes to 34,840, an increase of 32% year-on-year.
The multifamily market remains stable, reflecting no marked yield shifts between Q2 and Q3 2019.
Prime regional centres are trending stronger as funds increasingly focus on these markets to diversify their portfolios.
Prime net yields continue to range from 3.25–4.25%.
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