Prime property, slow sales: why London’s stock of empty high-end flats is piling up
Homes in the West End, Mayfair and Marylebone are going unsold – and developers are counting the costLondon has no shortage of luxury flats. There are ultra-modern blocks in the most upmarket neighbourhoods – including Chelsea, Kensington and Mayfair – that offer marble lobbies, concierge services and views across the city’s skyline.The problem for property developers is finding wealthy residents…
Homes in the West End, Mayfair and Marylebone are going unsold – and developers are counting the costLondon has no shortage of luxury flats. There are ultra-modern blocks in the most upmarket neighbourhoods – including Chelsea, Kensington and Mayfair – that offer marble lobbies, concierge services and views across the city’s skyline.The problem for property developers is finding wealthy residents…
