Property News · July 6, 2017

A river between us: the cities culturally divided by water


Expensive apartments are failing to sell at the Shard, with speculation that its location in the south of the capital is the impediment. London is not the only city with a stark divide across its banksFive years after the opening of “Europe’s first vertical city”, the luxury apartments of the Shard reportedly remain unsold. Why? Aside from the astronomical cost – the 10 flats in the 72-storey building are together valued at £199,250,000 – there is the location. As one luxury property agent put it: “Rich people don’t want to shell out zillions living south of the river. Nobody knows anyone who lives south of the river.” Related: High living, low sales: Shard apartments still empty, five years on Continue reading…

Source : theguardian.com
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