Unsuccessful penthouses: the braking real estate in the heart of London
Usually in the collective imagination, luxury never suffers brakes of any kind. Too bad that this belief was debunked in the last quarter in England.
Looking for an apartment in London has now become a luxury, given the vast majority of foreigners who wish to live in the most British city.
But the "luxury" we refer to is quite different.
Subject of the novelty that left the real estate world and investors speechless, it was the very famous Shard. For those who do not know it, we are talking about the highest scratchpaper of the capital, designed directly by the expert hand of the Italian Renzo Piano.
What was then the scoop that made such a stir?
According to statistical data, the apartments at the top of the Shard remained unsold.
Let's go into detail!
These are ten luxury homes. The value?
From 30 to 50 million pounds.
But the main problem is not the price.
So, what is the insurmountable obstacle for investors who are stuck and can not buy these luxury properties?
The solution has only one word: brexit
It was precisely the exit of England from the European Union to scare and curb the most wealthy investors in the real estate race.
It seems that there are no longer any Shard negotiations going on.
But the point is not just international.
Even at the political level, it seems that there are some issues that have influenced investors' choices.
Jeremy Corbyn, leader of the Labor party, if he were to win the early elections, he promised to increase taxes to the rich. Moreover, a rather turbulent period is announced which, associated with the spectrum of a socialist left, has shot all potential rich investors.
To understand how serious this situation has been at the real estate level, just think that half of the apartments in the Center Point (luxury complex similar to the Shard), have been withdrawn from the market, precisely because the offers are too low.
Even public housing seems to be suffering.
For all other real estate news, stay up to date on our website.
Related Articles:
Margaret Thatcher's house is for sale
London is becoming the city of skyscrapers
London: the super-luxury in the British capital does not have any crisis
Looking for an apartment in London has now become a luxury, given the vast majority of foreigners who wish to live in the most British city.
But the "luxury" we refer to is quite different.
Subject of the novelty that left the real estate world and investors speechless, it was the very famous Shard. For those who do not know it, we are talking about the highest scratchpaper of the capital, designed directly by the expert hand of the Italian Renzo Piano.
What was then the scoop that made such a stir?
According to statistical data, the apartments at the top of the Shard remained unsold.
Let's go into detail!
These are ten luxury homes. The value?
From 30 to 50 million pounds.
But the main problem is not the price.
So, what is the insurmountable obstacle for investors who are stuck and can not buy these luxury properties?
The solution has only one word: brexit
It was precisely the exit of England from the European Union to scare and curb the most wealthy investors in the real estate race.
It seems that there are no longer any Shard negotiations going on.
But the point is not just international.
Even at the political level, it seems that there are some issues that have influenced investors' choices.
Jeremy Corbyn, leader of the Labor party, if he were to win the early elections, he promised to increase taxes to the rich. Moreover, a rather turbulent period is announced which, associated with the spectrum of a socialist left, has shot all potential rich investors.
To understand how serious this situation has been at the real estate level, just think that half of the apartments in the Center Point (luxury complex similar to the Shard), have been withdrawn from the market, precisely because the offers are too low.
Even public housing seems to be suffering.
For all other real estate news, stay up to date on our website.
Related Articles:
Margaret Thatcher's house is for sale
London is becoming the city of skyscrapers
London: the super-luxury in the British capital does not have any crisis
