Pursuits
Luxury Homes Unsold After a Year Showing South London Glut
- Apartment sale prices in SW8 postcode have fallen $202,900
- Malaysians bought 30% of Battersea Power Station first phase
Cranes Stand above Apartment Developments in Nine Elms in London
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Investors betting on making a quick profit on luxury apartments in south London’s Nine Elms district, Europe’s largest project for prime new homes, are facing long waits for buyers.
Almost 30 percent of new properties in the district have languished on the market for more than a year, according to real estate data provider Lonres, who didn’t include sales by developers. That compares with 12 percent in London’s best districts.