iamnumerate Posted August 6, 2020 Share Posted August 6, 2020 George Osborne has had to cut a million off his house https://order-order.com/2020/07/30/through-the-keyhole-george-osbornes-post-brexit-house-price-fall-prediction-comes-true/ Quote Despite upping sticks to a new £1.6 million Somerset house, George Osborne is yet to sell his Notting Hill pad, originally listed on Domus Nova in March. The six-bedroom mansion was listed for £4.95 million, however the pandemic has clearly taken its toll on the luxury London housing market as just four months later Guido spots a million quid has been sliced off the asking price. Osborne did warn house prices would take a hammering in post-Brexit Britain… At its new bargain price of only £3.95 million, Guido once again invites you through the keyhole of Osborne’s house; with a reception room, dining room, family room, grand study, two guest bathrooms, a terrace and a walled garden. Quote Link to comment Share on other sites More sharing options...
Switch625 Posted August 6, 2020 Share Posted August 6, 2020 If the vested interests have to take a haircut then you know its crash on and you can't get much more establishment and VI than this man. Quote Link to comment Share on other sites More sharing options...
msi Posted August 6, 2020 Share Posted August 6, 2020 Why sell it? He could rent it out to Rich Hong Kong'ers innit? Quote Link to comment Share on other sites More sharing options...
NoHPCinTheUK Posted August 6, 2020 Share Posted August 6, 2020 3.5 million and you get bloody carpets in the bathroom Quote Link to comment Share on other sites More sharing options...
Habeas Domus Posted August 6, 2020 Share Posted August 6, 2020 These people obviously haven't been to journalism school. The house price is not falling, it is merely increasing by a slightly negative amount, looked at from the right perspective it is still rising, just not in a positive direction. Quote Link to comment Share on other sites More sharing options...
iamnumerate Posted August 6, 2020 Author Share Posted August 6, 2020 I am not surprised at the lack of sympathy. Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted August 6, 2020 Share Posted August 6, 2020 Whats with the WOW business? Quote Link to comment Share on other sites More sharing options...
gp_ Posted August 6, 2020 Share Posted August 6, 2020 44 minutes ago, msi said: Why sell it? He could rent it out to Rich Hong Kong'ers innit? Rich Hong Kongers who want to be here would already be here. It has always been very easy to come here if you have a few million (or an income high enough to pay the mortgage on a few million). Poor ones will not be able to afford London even after a crash. I do not mean houses like this, I mean any at all. That leaves any middle class ones who want to relocate and do so successfully (getting a job etc.) enough to live in London who will have an effect on property prices in London. Most people have too many ties to want to move from their home so the number will be very small. Quote Link to comment Share on other sites More sharing options...
GodlessEndeavor Posted August 6, 2020 Share Posted August 6, 2020 These multi-million houses already used to take a long time to sell (and got big price cuts in the process) before covid. I'm not saying Covid is not playing a part, but it's hard to say. Quote Link to comment Share on other sites More sharing options...
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