Property News · January 29, 2018

Half of unsold new-build luxury flats may turn London into city of posh ghost towers


More than half of the 1,900 ultra-luxury flats built in London last year failed to sell, raising fears that the capital will be left with dozens of “posh ghost towers”.
The swanky flats, complete with private gyms, swimming pools and cinema rooms, are lying empty as hundreds of thousands of would-be first-time buyers struggle to find an affordable home.
The total number of unsold luxury new-build homes, which are rarely advertised at less than £1m, has now hit a record high of…

Source : South China Morning Post
Read more…Half of unsold new-build luxury flats may turn London into city of posh ghost towers

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