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If you can’t build it, they won’t come

Posted at 1:15 pm, October 16, 2014 in Property
Low winter sun London

Reckon there’s a ridiculous amount of luxury flats being built? You’re right. Last week it emerged that so many London luxury homes are being planned it may cause a shortage of construction workers. There is currently £60bn-worth of luxury homes under construction, and over 25,000 more planned. But according to specialist building analysis firm EC Harris, up to 50 percent of them may be delayed or cancelled. ‘There is simply not the capacity out there to meet demand,’ explained a company spokesman. Great. Now where are rich non-doms meant to buy for the purpose of not living, huh?

How about this ridiculously thin house selling for £235,000?

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