Thursday, Apr 23, 2009
Ramping of new build development sales
Evening Standard: Flats snapped up as agents use 'sensible pricing' policy
According the the highly impartial Savills, these flats on Hornsey Road (N7) were sensibly priced. Amazingly they claim that 70% of purchases were funded by parents who consider property a safer investment than a deposit account.
Posted by meltsheep @ 11:27 AM (485 views) Add Comment
3 Comments
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1. paul said...
"This article is sponsored by Hornsey Road Baths Development Co."
2. Boredofthis said...
I actually looked at these flats as the prices were cheaper than I had previously seen in such a central location. I must say I found them disappointing. They were actually small and cheaply fitted. There were pipes hidden behind cupboards and it seemed like a battery farm. I don't know why people would have considered them a good buy regardless of the price.
The area is edgy to say the least, now, I actually like edgy areas, I would consider areas of Hackney for example (Dalston, London Fields etc) but this was a different sort of edgy, hardcore disadvantaged edgy. The Surestart centre and the community theatre built there implies to me that this was meant as a social engineering project, whereby they seed the area with employed folk in the hope of breaking up areas of social disadvantage, somethiing I sort of resent.
3. mander said...
According the the highly impartial Savills...
and
70% of purchases were funded by parents who consider property a safer investment...
It is nice to hear that some parents have the money to invest but what if the flat will not rent to provide a return until the children grow ?