Buying agent and Founder of Black Brick, Camilla Dell, featured in The Standard this week to share why so many the ultra-rich are selling off their properties are cut prices
Sharing insight into a current client of ours who is in the process of buying a house in Knightsbridge, Camilla said: “Its owner is a billionaire, he bought it at the peak of the market, and he put it on sale for significantly less than he paid for it. He is selling it for even less, because he just doesn’t need it any more. It is not just super-distressed sellers who are cutting prices.”
“Dell believes the rash of price-cutting is down to the fact that vendors have finally woken up to the fact that London’s prime property market is on the fritz.”, writes Ruth Bloomfield.
Read the full article here.