Property News · July 6, 2017

Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson


Trouble at the luxury end of the market is matched by an overall slowdown in London. But a nationwide fall in prices is just not likely to followThere will be no tears shed for the Shard and its failure to find buyers for its £30m apartments. Instead, “Shard-enfreude” will be the dominant feeling among priced-out home-buyers, excluded from the residential towers which now litter the capital’s skyline, and whose luxury penthouses lie empty.Could the Shard be this decade’s Centre Point – the west end skyscraper that lay empty for years after construction, and which symbolised the end of the late 1960s/early 1970s boom in London building? Many will hope so. A slump in the property market is the fervent wish of young adults and families who see mounting evidence that the longed-for day of reckoning on house prices may, at last, be nigh. Continue reading…

Source : theguardian.com
Read more…Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson

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