Can the market absorb the glut of luxury apartments? An interesting and balanced article, it does not, however, include the added ingredient of the Panama Papers.
“… with completion of the 800-home first phase of Battersea due toward the end of the year, the direction of tr, avel will soon be clear from whether – as the critics expect – large numbers of buyers start defaulting on their purchases. “Phase 1 of Battersea – that’s what I’ll be looking at,” says Farmer. “Seeing that occupied will be a real bellwether and a barometer on Nine Elms’ health.”