Mancghirl Posted October 31, 2018 Share Posted October 31, 2018 39 minutes ago, deadlyavenger said: Possibly worthy of its own thread! https://www.theguardian.com/business/2018/oct/31/brutalist-market-flats-at-londons-centre-point-taken-off-market "Half of tower’s 82 luxury flats remain unsold as Brexit jitters and tax rises bring ‘silly offers’" - Lolz! They're overpriced you moron!!! "More than half of the 1,900 ultra-luxury apartments built in London last year failed to sell, adding to fears that the capital would be left with dozens of “posh ghost towers”. The swanky £1m-plus flats, complete with private gyms, swimming pools and cinema rooms, are lying empty as hundreds of thousands of would-be first-time buyers struggle to find an affordable home." Just seen this, and it is a hilarious read. They're not entertaining cheeky offers, you know. Quote Link to comment Share on other sites More sharing options...
Captain Kirk Posted October 31, 2018 Share Posted October 31, 2018 (edited) 56 minutes ago, Freki said: £1000 a week on £1.8m equates to a 2.89% yield. And that is gross, doesn't account for service charges and assumes no voids. You can get the same yield by leaving your cash in savings or bonds and no downside risk. Edited October 31, 2018 by Captain Kirk Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted October 31, 2018 Share Posted October 31, 2018 17 minutes ago, Captain Kirk said: £1000 a week on £1.8m equates to a 2.89% yield. And that is gross, doesn't account for service charges and assumes no voids. You can get the same yield by leaving your cash in savings or bonds and no downside risk. Agents are easily amazed it seems.. Quote Link to comment Share on other sites More sharing options...
Pop321 Posted October 31, 2018 Share Posted October 31, 2018 1 hour ago, deadlyavenger said: Possibly worthy of its own thread! https://www.theguardian.com/business/2018/oct/31/brutalist-market-flats-at-londons-centre-point-taken-off-market "Half of tower’s 82 luxury flats remain unsold as Brexit jitters and tax rises bring ‘silly offers’" - Lolz! They're overpriced you moron!!! "More than half of the 1,900 ultra-luxury apartments built in London last year failed to sell, adding to fears that the capital would be left with dozens of “posh ghost towers”. The swanky £1m-plus flats, complete with private gyms, swimming pools and cinema rooms, are lying empty as hundreds of thousands of would-be first-time buyers struggle to find an affordable home." Super find. I blame the first time buyers for spending money on iPhones and don’t make their own sandwiches. In my day I never had a phone and did pack ups for work....bought my first house at 18. Okay it wasn’t £1.8m it was £28k but it’s sort of exactly the same thing. (Irony alert). An aside, Up in the North (nice park of Yorkshire Dales) we are seeing some massive variance on prices. Central town house just gone for £1.3m all done...even mentioned ‘London style’. To be fair it was big, beautifully decorated and location was stunning....but AT LEAST double the price paid for one up the road which needed TLC. Oh dear, some real targeting of ex London buyers and I can hear a ‘pop’ coming down south....followed by another up here on those careless purchases. Quote Link to comment Share on other sites More sharing options...
Mancghirl Posted October 31, 2018 Share Posted October 31, 2018 Looking forward to the London crash, at it will stop idiots coming up to Edinburgh with their mad gainz, and bidding £400k for a 2 bed in Newington. Quote Link to comment Share on other sites More sharing options...
highcontrast Posted October 31, 2018 Share Posted October 31, 2018 1 hour ago, Mancghirl said: Just seen this, and it is a hilarious read. They're not entertaining cheeky offers, you know. I'm might ring them up and offer £250k which is about right for a PCL one bedder. That's not too cheeky is it? Quote Link to comment Share on other sites More sharing options...
Mancghirl Posted October 31, 2018 Share Posted October 31, 2018 2 minutes ago, deadlyavenger said: I'm might ring them up and offer £250k which is about right for a PCL one bedder. That's not too cheeky is it? There is no such thing as a cheeky offer. Do it. Quote Link to comment Share on other sites More sharing options...
highcontrast Posted October 31, 2018 Share Posted October 31, 2018 Thing is why are they so delusional about this still?? They are clearly priced too high and/or there is less demand for these kinds of flats (at these prices) Also is the developer (Almacantar) flush with so much cash that they can afford not to sell these 40 odd flats? Is this the case for a lot of the PCL developers? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted October 31, 2018 Share Posted October 31, 2018 10 minutes ago, deadlyavenger said: Thing is why are they so delusional about this still?? They are clearly priced too high and/or there is less demand for these kinds of flats (at these prices) In a word - sentiment. Quote Link to comment Share on other sites More sharing options...
Mancghirl Posted October 31, 2018 Share Posted October 31, 2018 10 minutes ago, deadlyavenger said: Thing is why are they so delusional about this still?? They are clearly priced too high and/or there is less demand for these kinds of flats (at these prices) Also is the developer (Almacantar) flush with so much cash that they can afford not to sell these 40 odd flats? Is this the case for a lot of the PCL developers? In the article they claim that they have broken even from sales and renting the commercial space on the ground floor, so will just wait until people come to their senses and pay asking prices *roll eyes* Quote Link to comment Share on other sites More sharing options...
Captain Kirk Posted October 31, 2018 Share Posted October 31, 2018 1 hour ago, deadlyavenger said: I'm might ring them up and offer £250k which is about right for a PCL one bedder. That's not too cheeky is it? If could still a liability at £250K. What are the costs of running the place? Quote Link to comment Share on other sites More sharing options...
Dražen Petrović Posted October 31, 2018 Share Posted October 31, 2018 “we see no point in chasing a market that is increasingly detached from reality” F#@k you moron! Quote Link to comment Share on other sites More sharing options...
Si1 Posted October 31, 2018 Share Posted October 31, 2018 1 hour ago, deadlyavenger said: Thing is why are they so delusional about this still?? They are clearly priced too high and/or there is less demand for these kinds of flats (at these prices) Also is the developer (Almacantar) flush with so much cash that they can afford not to sell these 40 odd flats? Is this the case for a lot of the PCL developers? Our Company Almacantar is a property investment and development company. We specialise in large-scale, complex investments in Central London, with the potential to create long-term value through development, repositioning or active asset management. Since we launched in 2010 we have acquired over 1.5 million sq. ft. of prime assets in the heart of London including; Centre Point, Marble Arch Place, CAA House, One and Two Southbank Place, Lyons Place and 125 Shaftesbury Avenue. Quote Link to comment Share on other sites More sharing options...
simvastatin Posted October 31, 2018 Share Posted October 31, 2018 5 hours ago, deadlyavenger said: I'm might ring them up and offer £250k which is about right for a PCL one bedder. That's not too cheeky is it? Why don’t you offer £1m and then reassess and then offer £250k Quote Link to comment Share on other sites More sharing options...
Tapori Posted October 31, 2018 Share Posted October 31, 2018 7 hours ago, Dražen Petrović said: “we see no point in chasing a market that is increasingly detached from reality” F#@k you moron! The absolute irony Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 1, 2018 Share Posted November 1, 2018 Central London house prices to bounce back sharply: http://www.cityam.com/267825/central-london-house-prices-set-sharp-upturn-brexit-deal Derived from a report written by a 30 year old with a middling master's degree in urban regeneration. Phew. Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 1, 2018 Share Posted November 1, 2018 http://residential.jll.co.uk/new-residential-thinking-home/research/residential-forecasts-2019-download Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted November 1, 2018 Share Posted November 1, 2018 2 hours ago, Si1 said: Central London house prices to bounce back sharply: http://www.cityam.com/267825/central-london-house-prices-set-sharp-upturn-brexit-deal Derived from a report written by a 30 year old with a middling master's degree in urban regeneration. Phew. To be believed without question. Snap them bargains up. Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 1, 2018 Share Posted November 1, 2018 2 minutes ago, stuckmojo said: To be believed without question. Snap them bargains up. Written by a high end London estate agency struggling to sell properties. Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted November 1, 2018 Share Posted November 1, 2018 1 minute ago, Si1 said: Written by a high end London estate agency struggling to sell properties. It shows Quote Link to comment Share on other sites More sharing options...
thewig Posted November 1, 2018 Share Posted November 1, 2018 I was in London for "work" yesterday and thought I'd pick up one of those free "NEWS"papers to see what the plebs are being told to think these days. skimmed through a load of nonsense to the "property" section and was astounded to learn house prices are going to bounce back 23% after Brexit. says an "expert" Quote Link to comment Share on other sites More sharing options...
Tapori Posted November 2, 2018 Share Posted November 2, 2018 19 hours ago, thewig said: I was in London for "work" yesterday and thought I'd pick up one of those free "NEWS"papers to see what the plebs are being told to think these days. skimmed through a load of nonsense to the "property" section and was astounded to learn house prices are going to bounce back 23% after Brexit. says an "expert" Ah yes, George Osbourne's mass rag "The Evening Standard" Each week a focus on a new area and an interview with a celebrity about housing and how they "got on the ladder" Still, sometimes they sneak through some truth. Rarely. Quote Link to comment Share on other sites More sharing options...
simvastatin Posted November 2, 2018 Share Posted November 2, 2018 4 hours ago, Tapori said: Ah yes, George Osbourne's mass rag "The Evening Standard" Each week a focus on a new area and an interview with a celebrity about housing and how they "got on the ladder" Still, sometimes they sneak through some truth. Rarely. George seems to hate the conservatives more than Khan Quote Link to comment Share on other sites More sharing options...
Tapori Posted November 2, 2018 Share Posted November 2, 2018 14 hours ago, prozac said: George seems to hate the conservatives more than Khan Some. He hates those that are pro-Brexit, anti-Osbornomics (Neo-liberalism on steroids) Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 2, 2018 Share Posted November 2, 2018 21 minutes ago, Tapori said: -Osbornomics (Neo-liberalism on steroids) You mean corporatism? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.