Property bubble begins to bust

[GhostofTarbera]

Aristocrat Graham Wellesley’s investors meet their Waterloo | Business | The Times


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[Scruff]

Grabbing pseudo-aristo-twunt seduces ignorant sycophant "investors".

[GigiBronz]

We live in a version of some form of neo-feudalism. Unless there is a massive shift in societal structure property prices won’t go anywehere.
It is just wishful thinking...

[Whorty]

Aristocrat Graham Wellesley’s investors meet their Waterloo | Business | The Times


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Commercial property has been struggling for some time. Now with the push to WFH more, and hence less demand for office space, this will continue until some of these offices are allowed to be turned into places to live.

Could be an interesting few years

[SueEllen]

Commercial property has been struggling for some time. Now with the push to WFH more, and hence less demand for office space, this will continue until some of these offices are allowed to be turned into places to live.

Could be an interesting few years

Only problem with that is CLADDING

Doesn't matter if the office block is under 3 storeys or not - Flat owners told their homes could be unsellable for 10 years over unsafe cladding - LBC

[Whorty]

Only problem with that is CLADDING

Doesn't matter if the office block is under 3 storeys or not - Flat owners told their homes could be unsellable for 10 years over unsafe cladding - LBC

Poor sods.

[ladymuck]

Only problem with that is CLADDING

Doesn't matter if the office block is under 3 storeys or not - Flat owners told their homes could be unsellable for 10 years over unsafe cladding - LBC

I don't know the details but my understanding is that government grants to fix are only available to blocks over a certain height. However mortgage companies are twitchy with any blocks of flats with hooky cladding so people are faced with either selling for a pittance to a cash buyer or forking out a fortune, assuming other homeowners pay their share, to be able to sell.

[Andy2]

due to stamp duty holiday residential properties are selling fast