Squats and squatting / London housing

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hoefla in reply to @Oliver Schick

I came to post that too

Increasing numbers of luxury London flats are now proving hard to sell. All 10 of the £30m-£50m apartments towards the top of the Shard have been empty since the tower was completed six years ago after its owners, led by the Qatari royal family, failed to achieve high enough offers.

More than half of the 1,900 ultra-luxury apartments built in London last year failed to sell, adding to fears that the capital would be left with dozens of “posh ghost towers”. The swanky £1m-plus 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.

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Stonehedge in reply to @hoefla

I heard that the Qataris gave the apartments in the Shard to family members as gifts after they failed to sell them for the price they were asking for. I don't think they are technically vacant. My source for this quite reliable.

Imho, it was always going to be a stretch to sell ultra kuxury apartments with London Bridge station as your front door.

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Oliver Schick in reply to @Stonehedge

Maybe the buyers just won't go south of the river?

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