Economy & Banks

I personally know one person who bought a new build flat next to Tate modern 2 / 3 year ago. It has never been lived in. It could have been a home for a couple with a id or two for the last 2 or 3 years.

Lots of foreigners see capital appreciation as the goal and occupation as a hassle that won't bring in much money and will stop the flat being new when they come to re-sell.

They're foolish then, or stupidly rich. You'd make more renting it.

I don't think that's the norm for most normal properties. Maybe for the off-plan sales in new developments.