Will high-rise rents now weaken?

lisyloo

Herzlos wrote: »

Could they be any less desirable than a few weeks ago?

huh???


Now one has burnt down like an inferno and people at the top couldn't escape - YES.
If you haven't noticed (!!!!!) people are very surprised about how this fire spread, so I don't think that was anybody's expectation before a few weeks ago.

Herzlos

lisyloo wrote: »

huh???


Now one has burnt down like an inferno and people at the top couldn't escape - YES.
If you haven't noticed (!!!!!) people are very surprised about how this fire spread, so I don't think that was anybody's expectation before a few weeks ago.

What I mean is; aren't high-rises about as low down on the desirability tables as it's possible whilst still being regarded as a proper home? Would anyone actually choose a high rise over anything else? A caravan, maybe?

So it's gone from bottom of the list to bottom of the list?

lisyloo

Herzlos wrote: »

What I mean is; aren't high-rises about as low down on the desirability tables as it's possible whilst still being regarded as a proper home? Would anyone actually choose a high rise over anything else? A caravan, maybe?

So it's gone from bottom of the list to bottom of the list?

Have you looked at the prices of St Georges Wharf and the Shard?
A view is a selling point for some people.
Might help if you are a bit more specific i.e. is your issue about living with poor people?

movilogo

Do you think the displaced residents would refuse to move in here, because it is high rise?

http://www.dailymail.co.uk/news/article-4625368/Grenfell-Tower-survivors-homes-2billion-block.html

Herzlos

lisyloo wrote: »

Have you looked at the prices of St Georges Wharf and the Shard?
A view is a selling point for some people.
Might help if you are a bit more specific i.e. is your issue about living with poor people?

I guess I'm not counting luxury skyscrapers as high-rise buildings. By high rises I'm talking about the council build concrete monsters from the 70s, single lift, no fire exits, minimal maintenance, tenants piled on top of each other.

Contrast that with modern luxury skyscapers - multiple lifts, modern facilities, looked after, more space, fire exits, safety systems, etc.

I bet if a fridge caught fire in the Shard the neighbours would barely have been disrupted by it.

One is hugely desirable, the other isn't. Why's that?

Norman_Castle

westernpromise wrote: »

You'd be crazy to buy in an LA block unless it had only just been done up.

At any time they could decide to spend £10 million doing up 80 flats and hand you a bill for £120k. You'd have no way of stopping it. Huge risk (which as we all know no landlord has ever taken).

https://www.gov.uk/government/news/flos-law-new-cap-for-council-house-repairs-comes-into-force