Cash buyers ruining it for everyone

GDB2222

MEM62 said:

AdrianC said:

MEM62 said:
Firstly, none of the three flats have yet sold.  I don't think that this is a price issue as flats generally are not selling in the area whereas houses are. 

What are other, similar, flats selling for in the wider area?

As I said in my post - they not selling.  Although houses are. 
As all three flats are recent to the market then we cannot conclude that they are not being sold due to price.  Very few properties sell at the drop of a hat and, at present, I would expect the process to be slower with the current restrictions in place.  Therefore, it is just a likely that there has not been sufficient time for them to be sold.          
Although, as mentioned, flats do not appear to be selling in the wider area they are being marketed around or just over £300K with a couple of new ones from developers at £327K.   

I have no idea about your flat, which could have 10 bedrooms for all I know, but there are quite a few 2 bed flats on Rightmove with a price around £250k and within 1 mile of Heathrow. Maybe, £300k will be the price next year. Who knows? 

Clearly, if somebody in your block has theirs on offer for £250k AND is not selling, the other two at £290k may as well give up any hope.