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pipllman

Meanwhile, Despite The Budget, Sales A Plenty Here

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Homes worth a total of £140m in east London’s latest residential tower block sold out in less than five hours – and it’s not even built yet.

International investors and first-time buyers queued down the road 36 hours before the official sales launch of Maine Tower in Canary Wharf as the allure of Crossrail continues to power a property boom in the east of the capital.

The 230 apartments, which ranged in asking price from £350,000 to £1.25m, and will be completed in 2019, sold out in a single morning a fortnight ago, according to Galliard Homes, the builder behind the development. The sales completed last week but thee penthouses were held back for sale as is typical of developers.

http://www.telegraph.co.uk/finance/property/11734133/The-200-home-tower-block-that-sold-out-in-under-five-hours.html

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Been posted before, but anyway, means nothing just lots of arguments over deposits and busy lawyers.

Some years ago there was a high end car bubble, people put a deposit on some super car expecting it to appreciate before they took delivery, turned out they were about to lose a lot of money.

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Been posted before, but anyway, means nothing just lots of arguments over deposits and busy lawyers.

Some years ago there was a high end car bubble, people put a deposit on some super car expecting it to appreciate before they took delivery, turned out they were about to lose a lot of money.

That one has already been done in Northern Ireland they did not get their deposit back and they were liable for the agreed price at the time :D

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Yes, that article is on the second page of the Torygraph's Business Section today. I was surprised to see it because upon reading it is just a pathetic puff piece. Then I looked at the author, Anna White, who we all know is just the Telegraphs property ramper. Journalistic skill and inegrity zero. She is just a gimp for her developer and EA mates.

There was another article in the Money section which has already been posted here about a couple to "get into BTL so they can retire at 55" or some bollards.

I thought this was a bit odd but then upon reflection, the Telegraph have been pumping up BTL and running a fair few property riches pieces for a while.

They are now therefore stuck because for ages they have been ramping and pumping and cannot change overnight. . . I guess over several months we will see a slow change as they are unable to pump out the stupid property porn propaganda anymore without looking completely ridiculous.

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