Alcamantar released a statement in which they say that "there is no point in chasing a market that is increasingly detached from reality".
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A private estate developer has stopped selling flats in the new Centre Point development, after receiving “detached from reality” low offers.
Alcamantar currently have 82 properties in the building and have sold just under half.
The tower’s top-floor penthouse apartment was listed for £55m.
While refusing to reply to media, Alcamantar released a statement in which they say that “there is no point in chasing a market that is increasingly detached from reality”.
42 flats will remain unoccupied in Centre Point, however it is not the first case where ultra-luxury apartments in London failed to be filled up.
Chris Bailey, campaign officer of “Action for Empty Homes”, a charity organisation that helps people from a low income to find a shelter, denounces that there are over 20,000 residential empty homes in London.
He says that almost 40,000 families and 60,000 children are on the waiting list to receive a shelter and currently living in temporary accommodation, costing London’s councils hundreds of millions a year.
Even if after being bought, the majority of properties costing over £5m are currently sitting empty.
However, Rod Heffernan, associate director at estate agency Winkworth, believes that owners are fully entitled to leave the property unattended, if they wish.
The newly renovated Granary Square in King’s Cross and the Qatari Royal Family’s skyscaper The Shard, have failed to sell their million-pound apartments due to their high asking prices, and private developers convinced to sticking with these prices.
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HeadlineCentre Point luxury flats taken off market after ‘detached from reality’ low offers
Short HeadlineLuxury flat off market after 'detached from reality' low offers
StandfirstAlcamantar currently have 82 properties in the building and have sold just under half.
A private estate developer has stopped selling flats in the new Centre Point development, after receiving “detached from reality” low offers.
Alcamantar currently have 82 properties in the building and have sold just under half.
The tower’s top-floor penthouse apartment was listed for £55m.
While refusing to reply to media, Alcamantar released a statement in which they say that “there is no point in chasing a market that is increasingly detached from reality”.
42 flats will remain unoccupied in Centre Point, however it is not the first case where ultra-luxury apartments in London failed to be filled up.
Chris Bailey, campaign officer of “Action for Empty Homes”, a charity organisation that helps people from a low income to find a shelter, denounces that there are over 20,000 residential empty homes in London.
He says that almost 40,000 families and 60,000 children are on the waiting list to receive a shelter and currently living in temporary accommodation, costing London’s councils hundreds of millions a year.
Even if after being bought, the majority of properties costing over £5m are currently sitting empty.
However, Rod Heffernan, associate director at estate agency Winkworth, believes that owners are fully entitled to leave the property unattended, if they wish.
The newly renovated Granary Square in King’s Cross and the Qatari Royal Family’s skyscaper The Shard, have failed to sell their million-pound apartments due to their high asking prices, and private developers convinced to sticking with these prices.
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