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Major Inner City Apartment Developer Gone Bust

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"It had a number of developments completed, but was unable to sell some of them.

"This was nothing to do with the quality of the sites, with some of them winning awards. In the right market they are highly desirable properties.

"But people have not been buying them as quickly or as often as the company would have liked. There has been a general slowdown in city living, with one report saying there was not a single apartment sold in Birmingham last

month from all builders." At present around 40 properties built by Grinnall, which was headed by chairman Neil Grinnall, remain to be sold.

http://icbirmingham.icnetwork.co.uk/birmin...#story_continue

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"It had a number of developments completed, but was unable to sell some of them.

"This was nothing to do with the quality of the sites, with some of them winning awards. In the right market they are highly desirable properties.

"But people have not been buying them as quickly or as often as the company would have liked. There has been a general slowdown in city living, with one report saying there was not a single apartment sold in Birmingham last

month from all builders." At present around 40 properties built by Grinnall, which was headed by chairman Neil Grinnall, remain to be sold.

http://icbirmingham.icnetwork.co.uk/birmin...#story_continue

existing discussion is here

http://www.housepricecrash.co.uk/forum/ind...showtopic=18747

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Major Inner City Apartment Developer Gone Bust

Hang on a mo, they only employ 16 peeps. is that really "major". What with "Wimpey in nosedive", we really do seem to be in full spin mode this am.

Let's try and keep focused and objective.

Surely a better headline would have just been to quote the line:

"not a single apartment sold in Birmingham last month."

Edited by Sledgehead

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Hang on a mo, they only employ 16 peeps. is that really "major". What with "Wimpey in nosedive", we really do seem to be in full spin mode this am.

Let's try and keep focused and objective.

Surely a better headline would have just been to quote the line:

"not a single apartment sold in Birmingham last month."

Not sure how he can even support 16 staff what did they do? the builders are excluded from this figure!

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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