Apartments in new developments have been dubbed ‘posh ghost towers’ as they struggle to sell, a new article in The Guardian reveals.
Sharing her insight as a top buying agent for London’s premium property, Black Brick Founder Camilla Dell featured in the article, commenting:
“We are seeing continued interest from Middle Eastern buyers, with Saudi clients particularly active. Brexit notwithstanding, the UK offers political, economic and legal stability. Saudi buyers tend to value confidentiality and favour trophy properties. In the current market, few of those are marketed publicly. Around a third of the properties we bought for clients last year were sold off-market.”
Read the full article here.
