For those agents who cannot imagine what a £35m house even looks like, never mind being instructed on one, the link below is for you.
It shows a property in St John’s Wood, London, where £30m has been knocked off the asking price. In other words, it was £65m.
The house, apparently in the best possible taste and built to ambassadorial standards, is being marketed by Savills and Knight Frank.
According to Trevor Abrahmsohn, of Glentree Estates, it’s not so easy being an estate agent to the rich these days. Stamp Duty hikes are putting buyers off, and business at the top end of the market is down 50% this year.
So, are oligarchs now revolting against Stamp Duty, or was the house simply wrongly priced in the first place?
Hands up the valuer who got it wrong by a mere £30m.
https://www.dailymail.co.uk/news/article-2513096/A-bargain-35MILLION-Owners-slash-30m-asking-price-newly-built-11-bedroom-mansion-elite-property-bubble-bursts.html
Comments
Over valuing a property in St. John's Wood, NW8 it could be any of 30 agents... Although overpricing it by 30 million means it could only be one of 16 !!!
As I predicted, it happened in japan down't ya now!