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Threat to Donald Trump Balmedie Home Plan
IveSeenTheLight
Posts: 13,322 Forumite
May please a few people on here
Bolded the main points ala Brit Style but in a more balanced way
From http://www.eveningexpress.co.uk/Article.aspx/1006244
Bolded the main points ala Brit Style but in a more balanced way
From http://www.eveningexpress.co.uk/Article.aspx/1006244
DONALD Trump could delay plans to build 500 houses at his Balmedie golf resort.
But his company said it was still “full speed ahead” with the course itself.
The tycoon’s development director George Sorial said the slow-down in the property market could make it difficult to sell the homes.
He said: “The homes could take several years. We can’t help but acknowledge the slow-down in the market.
“We have to sell them, so we’re not going to build anything until it feels right.
“There is, and will be, a demand for homes.”
The 500 houses and 950 holiday homes – to be built in phases after the course – are needed to make the project profitable.
Mr Sorial said interest in golf club membership had been “overwhelming”.
He added: “The way we envisage it is that the golf course is full speed ahead.
“With the golf comes a clubhouse and maintenance facilities, then the hotel.”
Mr Sorial said the slump in exchange rates between sterling and the US dollar had cut costs.
He said there were regular talks with councillors in the Western Isles over potential projects in Lewis, where the mother of Mr Trump was born.
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:
0
Comments
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A sensible move in my opinion, there's no point building with a market that is not buying.
Far too many new builds in the centre that are not shifting so i cant fault him for holding off.
Still, im sure there will be a few jobs created with the creation of reportedly what is going to be the best golf course in the world.0 -
Of course there is a demand for homes.“There is, and will be, a demand for homes.”
Yet there isn't the money in the system to pay nearly any price a seller or developer dreams up as what they believe property should be worth.
The insane credit-expansion boom is over. No more virtually unlimited cheap wholesale money from the credit markets to borrow from? Boo-hoo.
Welcome back to reality. Prepare yourself for an education in to the extent Aberdeen property prices will fall.0 -
Of course there is a demand for homes.
Yet there isn't the money in the system to pay nearly any price a seller or developer dreams up as what they believe property should be worth.
The insane credit-expansion boom is over. No more virtually unlimited cheap wholesale money from the credit markets to borrow from? Boo-hoo.
Welcome back to reality. Prepare yourself for an education in to the extent Aberdeen property prices will fall.
I almost thanked you you dopester.
I agreed with most of your post until the last sentence.
I posted this graph and data in another post
So you will see Aberdeen is -1.12% YoY and Aberdeenshire is -2.10% YoY
Aberdeen having the lowest of negative YoY results in the last month due to Octobers rise.
Too early to say if it is a blip or the start of "green shoots" or "shafts of light" but we'll have a better picture in the coming months
Incidently, I maintain that Aberdeen can fall, as can any area in the UK.
I also maintain that I believe Scotland will be less affected than the rest of the UK due to affordability factors.
Maybe I'll update the following information to include the UK results.
Data for Aberdeen and Aberdeen shire is here
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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