Majority of London's newly built luxury flats are unsold, raising the spectre of "posh ghost towers"

[fnordius]

@Perrin_Rynning

Possible on paper. Depends on whether or not the developers decide it would be cheaper to demolish the buildings, rather than sell them at a loss to recoup some portion of the investment and get out of town.

Which also depends upon if the developers have enough other revenue to just sit on the properties, and didn’t take on too much debt themselves. Which is kind of what I am fearing is the case. The dominoes are wobbling…

@Davet

As a regular human trying to sell my property in London, the market is frustrating at the moment.

Hoping it will turn out not all that bad for you, sir, but I am not all that hopeful.