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London Sw8 New Build Flats Property Watch

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How about a focal point for specific examples of SW8 properties being reduced, or resold before built at a loss.... as I feel SW8 will be the darling of HPC as the crash gathers pace, it is too important to bury in the local prices forum.

Here's a few from the under £800k range (372 results)...

http://www.rightmove.co.uk/new-homes-for-sale/property-32126991.html (down from £700k to £595k)

http://www.rightmove.co.uk/new-homes-for-sale/property-47936273.html (down £775k to £550k)

http://www.rightmove.co.uk/new-homes-for-sale/property-46522309.html (down £800k to £575)

http://www.rightmove.co.uk/new-homes-for-sale/property-46518367.html (down £720k to £550k)

And some from >£800k range (873 results)...

http://www.rightmove.co.uk/new-homes-for-sale/property-55799237.html (£3.6m to £2.3m)

http://www.rightmove.co.uk/new-homes-for-sale/property-48741230.html (£1.4m to £0.9m)

http://www.rightmove.co.uk/new-homes-for-sale/property-47934845.html

http://www.rightmove.co.uk/new-homes-for-sale/property-47944553.html(£1.3m to £0.9m)

Edited by Guest

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Is there any price paid data for off plan sales price before they are built ?

I always thought there was no land registry records until the place was built and then you have the first sale price register

Edited by long time lurking

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I doubt there will be any official data on off-plan, as the sales aren't registered until they complete (TP1)

As I've mentioned before, studios at Battersea were underwritten by SP Setia at £440k. They went up to £750k, but now seem to be trading below £550k...

Some serious issues..

Speaking as a chartered surveyor,,,, SW8 is ******ED

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I'll watch these ones with interest. It would be really nice to see them leading a crash, just because of the adverts if nothing else!

'Rail view' seems to be boasted about in a few of them and then there is the line 'This unit offers a huge amount to an end user or investor.'

I know that these are just the type of flats that will be used as trading counters by foreign investors, but there must be some sort of limit.

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