London Luxury Home at ‘Unbelievable’ Discount Shows Price Falls

January 5, 2018
Sharon R. Smyth and Nishant Kumar - Bloomberg

Unbelievable reduction,” says the broker’s email.

An investor who agreed to purchase an apartment at the ritzy One Blackfriars project on the banks of the River Thames is offering the two-bedroom home on the 20th floor for 1.8 million pounds ($2.44 million), more than 22 percent less than they agreed to pay for it in 2013.

The seller, who’s from Asia, wants to offload the property before it’s completed, according to Christian Barr, new homes manager at MyLondonHome, who’s brokering the sale. Stamp duty is payable after a property’s construction is finished.



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