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Blaming uncertainty of Brexit for making expensive houses unsellable

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Property developer who built five ultra-modern homes worth £1.3million each now plans to BULLDOZE them

Five luxury properties are to be demolished just three years after they were built as their owner blames Brexit uncertainty for the lack of interest in high-end homes. The modern, four-bed homes in Poole, Dorset, which have been marketed at £1.3million each, are failing to sell as buyers hold on to their cash at the top end of the market.

Instead, developer Alex Collier is ploughing £5million into replacing the homes with a block of 30, one and two-bed flats, which he hopes to sell for around £400,000 each.

Daily Mail

 

Any good advice to this geezer?

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Chuck em up for rent, coax a few unsuspecting hardworking scumbag families into em on teaser rates (no pets no children no DSS no blacks no Irish) give em a couple of months to get good and comfy then BOOM just bang the rents up on em?

 

what do I win? This stuff is child’s play 

Edited by thewig

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I know this road. Came quite close to buying a couple of shit flats just round the corner.

400k is adventurous, especially how cramped a block of 30 will be on that site compared to what else is around. Unfortunately on current pricing they would still fetch nearer 400 than 200 around there, but that does assume we maintain lasts years pricing.

1.3m for those houses is completely why they failed to sell. Even in the conservation area proper which these aren't that would get you a nice leafy half acre plot with plenty of space.

Can't wait till the London money dries up and idiots like this stop trying to cash in.

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1.3 million is a large sum of money to tie up in one property......you could buy two very nice properties for that, home and away......two for the price of one.;)

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will that have been the same brexit that destroyed jaimie olivers buisness as well, you know the one that hasint happened yet. brexit the go to blame game for all buisness f(uk ups

Edited by jimmy2x3

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It seems like such a waste of effort to knock down the houses and build a block of ugly flats in their place. Let alone the cost to build and the environmental impact.

Either drop the asking prices on the existing houses or rent them out. If even those two things fail then ask the local authority or a Housing Association to find them a tenant.

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  • 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%



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