London Property Market Crash Overseas Investors Lose Billions With Off-Plan New Build Developments
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- Опубліковано 18 вер 2024
- How London property investors from Hong Kong, Singapore and Malaysia have lost over 1 Billion pounds investing in London property.
We'll cover everything from purchase, rental and resale on their new build developments from Canary Wharf to Nine Elms. Featured properties include, Neo Bankside, One Blackfriars, The Corniche, The Bramah, Baltimore Wharf and many new build developments.
Properties that may have lose money include Baltimore Wharf, Silver Works, Elephant Park, Stratosphere, Royal Wharf, Royal Gateway, Parliament Reach, Clarence Court, Paddington Exchange, Stratford Riverside, The Fusion, The Nova Building, Holland Park Avenue, 190 Strand, Queens Park Place, Carlow House, Queens Wharf, Portobello Square, Goodman Fields, Bart Square, Battersea Power Station, Aldgate Place, One Nine Elms, Moore House, One Tower Bridge, Royal Mint, Rathbone Square, Paintworks, Beaufort Park, London City Island, Westwood House, Baltimore Tower, Providence Tower, Fulham Reach, The Chilterns, One Blackfriars, Lexicon, Sky Gardens, Chantrey House, Renaissance, Regents Gate, Holmes Court, Lillie Square, Argo House, Lincoln Square, Garden House, 250 City Road, 30 Old Street, Abell and Cleland, The Library, The Corniche, The Peninsula Tower, Royal Mint Gardens, Fulham Reach, The Hansom, Platinum Riverside, The Bezier, Canaletto, Strata Building, Nine Elms.
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The UK sold out her own people to rich foreigners. What is the point in doing that? House your own people first, Singapore does that by building homes and selling them or renting the to their own people. Foreigners have to pay more.
Top comment seems like you have experience and may have lived in Singapore..?
London is just going down hill rapidly. No one that comes respects the place and litter etc. Even the nice areas are looking terrible.
An example is seeing local UK people throwing litter out of their cars is a mentality that needs to be nurtured..
@@Montylondonproperty every person littering in London that I see, I confront. It’s rare that they have a British accent.
@@Montylondonproperty anyway, as I said it’s not just about litter. Even the so called nice areas are in a terrible state compared to 10-20 years ago. And no one speaks or says thanks or anything. When I go to other similar sized cities like New York people start conversations etc.
Very interesting video, I didn't know London built so many high rise apartments. They actually need alot more of these. Should get the Singapore government in to build them, they know how to house their own people.
GDP's already negative, the housing market's already crashing (see all-time high number of price reductions without any sales still), all-time consumer credit card debt, unemployment is skyrocketing and will surpass 2009's 10% peak. Homes and stocks will crash 60%. It's literally 3rd grade math. It was always inevitable. Already seeing it in every single asset class other than the Crypto market ....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Adriana Jensen whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
@@PeterSayer238 Thanks Peter
@@ChrisBickley528 Steady gains is the key..
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
This is shocking! I personally know 2 people who have both lost a lot of money on new builds they bought off plan. I wish they had seen you content before they purchased.
I've researched one of the projects I highlighted one buyer purchased a unit for 16M and are stuck..!!
A good lawyer may be able to bring legal action to get a redress, and refund of losses. Good luck.
@@Montylondonpropertythe properties are fully furnished. Marble throughout. Food. Fittings from Dubai, Germany, Italy. All expensive, the best quality.
What do you expect ? To sell it for nothing.
Wood. . Garage, swimming pool, jacuzzi, gym. All without gets out of the building
Many years ago I was planning to buy a flat in London.
Strangely the manager at the sale was a old friend that I knew 40 years ago.
He offered my 6 to 10% discount for a flat.
Depending on the rooms.
But it fell through, because I just wanted a 1 bedroom for my daughter to live in for her university studies.
And all 1 bedroom flats was sold out.
6 to 10% off straight away.
But those flats that I was interested in are selling below the retail price now on the second market.
Some friend he turned out to be..!
Always knew this was an over rated scam and as more people are now leaving BROKEN LONDON many more will hit a loss......
London has sub markets off-plan is just one, family homes in re-gentrification locations is resilient..
@@Montylondonproperty Can you point some of these location ?
😢😢 boo hoo you poor greedy people
Many regular people just wanted a place for their children university years whilst others were defo greedy..!
You gotta be off your rocker to buy in a UK city…any city..
Depends what and where you buy..
All of the property sales floors are lying. I've turned down three jobs as a property broker due to inflated prices and a general lack of morality by developers.
Good on you something better will materialise if not already done so yet..!
@@Montylondonproperty Cheers Monty. Respect to you 👍🙏
Shocking. I would never have expected losses as illustrated in you fact based content ☑️ thanks Monty !
Crazy numbers many casualties including brits..
Cities outside London,like Liverpool,did the same and then poof!
Crazy..!!
Very informative. Great video 👍 I can’t believe I have just seen. Shocking!!
Reality for many investors unfortunately..
Surly this is going to have a knock on effect for locally owned property prices.
For learning and to help others learn confirm your thoughts on how..?
@@Montylondonproperty Groups have over paid for years creating the perception for greater local high prices, increasing low and no income and over population of London will mean more folks gradually moving out.
Thanks for this, I knew that many Chinese and Asians were buying off plan, in inconceivable properties in areas of London I moved away from
London properties are overated/overpriced, even hotels are overpriced, recently i stayed in a 3 star hotel near central line, 100 pounds per night, with this price you can stay anywhere in Medoterranean in a 4-5 star hotel, most of the 3-4 star hotels in London don't even deserve to have a star if you compare them with Mediterranean 3-4 star ones. Even if you buy an apartment in any building with concierge/security, the additional expences are close to 3500 per year, and God knows about the council tax that nobody talks.
Hotels are booming globally with more people able to travel..
@@Montylondonproperty most of the London 3-4 stars hotels are overpriced, some they don't even have elevators, the subject is not traveling but London's properties, apartments, houses, hotels.
They don't worth the money, plus the taxes, expenses, all too much, is the perfect place if you have money for laundry, as a lot of business in London exist to laundry money.
The SE Asian investors are used to off plan buying at home..often buying whole floors etc..if they can't find tenant they just leave empty...hi from KL.
Same applies in KL so many people have lost money in KLCC developments which have not gone up in over 10 years would you agree..?
@@Montylondonproperty for sure,huge overhanging market here.Being from London I've steered well clear of those properties. Incoming RRB will cause more problems for everyone.
Monty thanks for this informative clip. What is the best way to gain better Sales Result, by way of Conventional Method OR Under the hammer (Auction)?
Curtis, my next video will be about how badly these properties are marketed. Stay tuned..!
PEOPLE REQUIRE HOMES NOT INVESTMENTS -
The UK sold out her own people to rich foreigners. What is the point in doing that? House your own people first, Singapore does that by building homes and selling them or renting the to their own people. Foreigners have to pay more.
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We need more affordable homes, youth centres, sports facilities, community centres, parks and so much more can be achieved by the UK government.. 80% of Singapore live in HDB/Government housing with community facilities including, schools, shops, play and much more..
Dear Sir, I built my town house in East London, Forest Gate. The house has been rented out for 5600 a month as a HMO. I wanted to sell it 2 years ago for 900k and no buyers. When would it be a good time to try and sell again and what would be a decent price to ask for such a property? Kind regards
There are many landlords trying to exit at the moment. Your hmo at 900k offers 7.4% ideally needs to offer min 10% for professional investors to consider. They will also look at low capital appreciation in Forest Gate as it’s not hugely gentrified and no real regeneration plans. Great green open space, some nice gentrified houses but it’s long and slow as a location in my humble opinion.
I used to buy HMO'S based on ROI of 9% & 11 month occupancy, this because HMO can have empty periods. If there is good history of occupancy rates, I would likely go with 11.5 months. Either way, you're topping out at the £685k to £699k if you really want to sell it - I'm not in the market currently but that was a reasonably risk/reward, especially as agency fees have increased substantially since they can no longer charge tenants for the compulsory checks, inventory etc... Agency fees alone can eat up 12 to 15% of the rent received...
@@johnmurphy4814 thanks for your message. This house hasnt had a day empty in ages.
When I lived in China the law was that a foreigner could only buy ONE apartment and then only if they had a work permit and could prove they had been living an working in China for over a year. One can only imagine what would have happened to the Chinese property market if foreigners had been allowed to buy property as an investment. Prices would have hit the moon, and western economists would have lauded China as the most successful economy in the world, albeit with an inexplicably large number of people sleeping on the streets.
Top insight didn’t know that..
i don’t know how these developers got away with it for so long
Deal packaging at it's best..!!
Monty, you're replying to every comment??? Wait until you hit 100k subscribers 😆
I remember back in 2000, a Malaysian friend of mine said "London, great past, but no future" - I thought it was a bit harsh at the time, but slowly I'm seeing what she meant. The situation you described seems pretty slick, almost like a sting.
It's all part of the journey..
@@Montylondonproperty I guess so...but looking at some of the questions/your answers, it's probably better to collect a number of questions and address them in a video, that way more people see it, and you get more subs.
Buying a property in London is not only buying in the currency GBP but also gambling the future economy of the country.
Nice feedback Florence, stay tuned for next video why these properties cannot resale..
Jai Hind. We Indians with rising property equities should be able to bail out those stressed out overseas investors in UK to show Xi the way out of his property doldrum.
I have a few desperate ones you can DM my insta @montynawaz
God help you God bels you god infrmeth
AH
A H 🙏🤲💗
BAN ALL FOREIGN OWNERSHIP - BAN ALL BUY TO LET
It's only since 2015 that foreign investors pay CGT on property profits..