If you’re selling a flat in Zone 1, grab a seat. Central London is the epicentre of pain. Those shiny new-build apartments? They’re losing value faster than a bag of kale in a fridge.
Common mistake could see property sellers lose £57,000 | Express.co.uk
Why? Because they often come with a “new-build premium” that evaporates the second you move in. Plus, fewer international buyers are splashing cash like it’s 2019. The golden goose is on a diet.
Houses, on the other hand, are doing a little better. Garden space still matters. But if you bought a one-bedroom shoebox in the sky for £700,000? You might be taking a £40,000 haircut at the closing table.
The Emotional Toll (Yes, We’re Going There)
Picture this: you put your flat on the market for what you paid. No profit. Just get your money back. Then an offer comes in below that. Below! That stings like a papercut on your soul.
It’s not just money. It’s the ego. We were all raised on the myth that London property is a magic money tree. Now the tree has a sign saying, “Out of order. Please weep quietly.”
One friend of mine just sold a flat in Clapham. Bought for £525,000, sold for £505,000. He said, “I basically paid £20,000 to live there for two years. Cheaper than rent, I guess?” nervous laughter
