Friday, September 5, 2008
Poor Saatchi and Syrocco
Phil Smith, 32 and his wife Amber, bought their two bedroom fat in Wimbledon three years ago for £234,000. They spent £8,000 renovating it, and put it on the market five months ago at £335,000. They still haven't had any offers, and have had to lower their asking price to £295,000, which would give them a profit of only £61,000. Aw diddums. Mr Smith said: "It's a nightmare scenario."