Jump to content
House Price Crash Forum
Sign in to follow this  
fru-gal

Hammersmith & Fulham council plans to buy high rise flats from owners who can’t sell following the Grenfell tragedy

Recommended Posts

2 minutes ago, fru-gal said:

“I think that there is every reason to believe it, especially in a down market where typically the lower quality stock falls lower and harder anyway.”

Share this post


Link to post
Share on other sites

I don't think that the Grenfell Tower tragedy should be solely to blame for these types of flats not selling. They have always been difficult to sell. Perhaps the vendors are asking too much money for them?

If the council are going to buy them back then they should at least just offer the original 'Right To Buy' sale price for them.

Share this post


Link to post
Share on other sites
17 hours ago, @contradevian said:

Thank goodness for a buyer of last resort. The taxpayer

+1

Perhaps they should buy them for the lower of the current price or the price the owner paid?

Share this post


Link to post
Share on other sites
20 minutes ago, adarmo said:

+1

Perhaps they should buy them for the lower of the current price or the price the owner paid?

I think the term 'struggling to sell' is not entirely true though is it....

Edited by Si1

Share this post


Link to post
Share on other sites

One assumes these former council tenants will be in for a big windfall. The economics of the London housing Market is totally bewildering from the outside. You have got former Grenfell victims turning down three million pound "luxury" flats because they are not fit for purpose and being very angry about it. You have got professional couples working 60 hours a week to live the bedsit dream in Kensington. It goes beyond comment and we are gagged anyway.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 293 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.