“The central London housing sales and rental markets have been weak in recent years and this has in turn put pressure on developer and investor returns,” Hudson said in an email. “With a significant number of new homes expected to complete this year, prices in both sales and rental markets could come under further downward pressure due to increases in supply.”
Hah, luxury apartments make sense. I gave up my Sète apartment, because someone convincex all oners sitting for years on horrible places, impossible to sell, to rent them out on airbnb for next to nothing. That destroyed the market for decent places.