gekko2670 Posted February 22, 2016 Share Posted February 22, 2016 Best evidence to date of the Battersea time bomb..when you have the original Chinese buyers in slotting their off plan flumps in front of the developers it is not going to end well This guy is openly advertising on rightmove that he paid too much 6 months ago...and needs an out.. Quote Link to comment Share on other sites More sharing options...
999house Posted February 22, 2016 Share Posted February 22, 2016 Best evidence to date of the Battersea time bomb..when you have the original Chinese buyers in slotting their off plan flumps in front of the developers it is not going to end well This guy is openly advertising on rightmove that he paid too much 6 months ago...and needs an out.. How do you know its Chinese buyers and the rest? Quote Link to comment Share on other sites More sharing options...
The12YearWait Posted February 22, 2016 Share Posted February 22, 2016 A prominent developer going bust is the catalyst we need. Quote Link to comment Share on other sites More sharing options...
janch Posted February 22, 2016 Share Posted February 22, 2016 Excellent still way overpriced though! Quote Link to comment Share on other sites More sharing options...
repetitive bleats Posted February 22, 2016 Share Posted February 22, 2016 He's clearly desperate - he's reduced it by just over 2% of the original price... Quote Link to comment Share on other sites More sharing options...
Maynardgravy Posted February 22, 2016 Share Posted February 22, 2016 He's clearly desperate - he's reduced it by just over 2% of the original price... Plus all the added costs. Has the cash cow had its **** sown up? Quote Link to comment Share on other sites More sharing options...
ccc Posted February 22, 2016 Share Posted February 22, 2016 It is 'Amazing value'. Quote Link to comment Share on other sites More sharing options...
The12YearWait Posted February 22, 2016 Share Posted February 22, 2016 (edited) edit http://www.rightmove.co.uk/new-homes-for-sale/property-40029933.html Edited February 22, 2016 by The12YearWait Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted February 22, 2016 Share Posted February 22, 2016 (edited) Nine Pain Elms Lane Edited February 22, 2016 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
insertcoinstocontinue Posted February 22, 2016 Share Posted February 22, 2016 I'm not from London but obviously interested in the property market here. My question to people working in London is do people really want to live in these modern high rise flats or if not what sort of price might tempt you? 200-300k? Being from Shropshire I find the thought of paying 1m for this kind of place a bad joke. Quote Link to comment Share on other sites More sharing options...
999house Posted February 22, 2016 Share Posted February 22, 2016 I still cant believe its 1000 per square foot in Vauxhall. The flats are tiny! Quote Link to comment Share on other sites More sharing options...
999house Posted February 22, 2016 Share Posted February 22, 2016 I'm not from London but obviously interested in the property market here. My question to people working in London is do people really want to live in these modern high rise flats or if not what sort of price might tempt you? 200-300k? Being from Shropshire I find the thought of paying 1m for this kind of place a bad joke. Id happily buy one at 250k. 300K id feel uncomfortable. Quote Link to comment Share on other sites More sharing options...
Exiled Canadian Posted February 22, 2016 Share Posted February 22, 2016 I'm not from London but obviously interested in the property market here. My question to people working in London is do people really want to live in these modern high rise flats or if not what sort of price might tempt you? 200-300k? Being from Shropshire I find the thought of paying 1m for this kind of place a bad joke. I used to live in Battersea and now live in Shropshire. I can't understand what possesses anyone to pay the thick end of £1m on a two bed flat in Vauxhall either. Quote Link to comment Share on other sites More sharing options...
insertcoinstocontinue Posted February 22, 2016 Share Posted February 22, 2016 So only 3-4 times overpriced?!?! I'm not holding my breath for a 50% reduction anytime soon though although it would be nice. I've viewed a number of properties in Shropshire but it's the same old story. Vendors holding out for every penny of asking price. The last vendor told me he thought the EA had undervalued his property. When I see flats in London for 800-1m in what look like not so great areas I start to wonder if 550k for a 4 bed house with 1/2 an acre actually represents good value! Either that or I've just finally been taken in by the hype Quote Link to comment Share on other sites More sharing options...
insertcoinstocontinue Posted February 22, 2016 Share Posted February 22, 2016 I used to live in Battersea and now live in Shropshire. I can't understand what possesses anyone to pay the thick end of £1m on a two bed flat in Vauxhall either. Guarantee you don't regret moving to Shropshire!!! Quote Link to comment Share on other sites More sharing options...
Exiled Canadian Posted February 22, 2016 Share Posted February 22, 2016 Guarantee you don't regret moving to Shropshire!!! Too right - but don't tell anyone Quote Link to comment Share on other sites More sharing options...
SOLZHENITSYN Posted February 23, 2016 Share Posted February 23, 2016 Latest on new build drama - interesting read in city AM Quote Link to comment Share on other sites More sharing options...
SOLZHENITSYN Posted February 23, 2016 Share Posted February 23, 2016 sorry link didn't post. Here it is... http://www.cityam.com/235213/why-you-shouldnt-just-official-housing-indices Quote Link to comment Share on other sites More sharing options...
Byron Posted February 24, 2016 Share Posted February 24, 2016 Badly written. I think he means, 'Greedy developers set eye watering prices sure in the knowledge that some mugs would pay. As many of these gullible fools were overseas buyers, there was every chance of this being successful. Now, overseas buyers have changed their minds and will not complete their purchases. The developers are stuck, just like a rabbit frozen in the approaching headlights.' Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted February 24, 2016 Share Posted February 24, 2016 I've seen some staggering prices for newbuild flats in Putney lately, but a quick chick on zoopla just revealed 3, in 2 different newdevelopments in Sw15, reduced, All 2 beds. One overlooking Barnes common, down 11% to 650k, and 2 in Putney - the London sq. development - both down 6.3% to 750k. There may well be more - I found these in 2 minutes. Still staggering, but good to see that they haven't all been 'snapped up' immediately. Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted February 24, 2016 Share Posted February 24, 2016 (edited) But didn't you know? They get thier own dedicated branch of Sainsbury's. Edited February 24, 2016 by sPinwheel Quote Link to comment Share on other sites More sharing options...
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