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Here's an interesting example of quality creep in action. It's astonishing how when the very best house on the very best road in a town sets a price record many other homeowners benchmark themselves against them.

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11370024/The-controversial-UK-skyscraper-that-will-become-new-home-of-the-super-wealthy.html

One Hyde Park is a pretty special location, a 60's office block at the @rse end of New Oxford Street? Not so much. The main attraction at Centre Point would be popping out and enjoy the local shopping opportunities, like an economical Subway sandwich, a souvenir London T-Shirt from one of the many convenient tourist trap street stalls, a second hand harmonica on Tin Pan Alley, or a discounted Casio watch from Tottenham Court Road. I've been to the nightclub that used to be on the top floor at Centre Point and even the view isn't that great, you'd need to be looking down the Thames or across St Pauls for a £50m view.

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Despite living in Scotland, I still remember hearing news stories about Centre Point in the 70s because it'd been left empty for so long. In particular,

At 5:30 pm on Friday, 18 January 1974, homeless campaigners (two of whom had obtained jobs with the security firm guarding Centre Point) squatted the building in a protest that the building ought to be used to help London's housing crisis.

http://en.wikipedia.org/wiki/Centre_Point

It's 40 years later now! Nothing ever changes ...

Edited by Scunnered

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  • 408 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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