Harringay, Haringey - So Good they Spelt it Twice!
Finsbury Park flats sold offshore.
Such a surprise.
‘It’s a slap in the face’ say residents as luxury Finsbury Park flats advertised in Hong Kong
We’re airbrushed out, say Fashion Village traders who fear impact of City North development
LUXURY flats at a controversial new development have been advertised in Hong Kong and Singapore, sparking fears that local residents will be outpriced and forgotten.
Shop owners in Finsbury Park’s “Fashion Village” have already raised concerns over the vast £220million City North development, which they say has contributed to a major reduction in footfall in Fonthill Road. Read on....
http://islingtontribune.com/article/hong-kong-sales-pitch-for-luxur...
“The development has not been marketed purely to investors, be they in the UK or overseas, to help ensure that there is an appropriate mix of owner-occupiers, tenants and affordable housing residents.” That's OK then.
Tags for Forum Posts: CityNorth, finsbury park, flats, offshore
Replies to This Discussion
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Permalink Reply by John McMullan on
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The only advice I have ever received over this that made sense is, buy a ticket to Hong Kong. What we should be doing is storming city hall and wrenching these useless idiots from their desks.
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Permalink Reply by Michael Anderson on
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The statement by. It’s North doesn’t even make sense. Why would an investor want to rent out a flat they buy as affordable?
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Permalink Reply by Michele on
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Thank you for highlighting this and bringing it to our attention. Yet another example of young Londoners and others being forced out of the housing market and keeping prices high. Lets see what The Tories announce today to increase affordable housing in new developments!
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I think one measure could be to force builders to build houses unsuitable for investment. This would be easy, you just throw in a couple of single rooms and bingo, unsuitable for professional sharers.
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Permalink Reply by Geraldine on
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I live in Hong Kong and can tell you that anything that will get hot money out of Mainland China is suitable for investment. We, under our different system, are suffering the same fate. The investors are not our local people but Mainland Chinese. No one can afford to buy homes any more and the HK government has no option but to build more public housing. Meanwhile, more 'nano flats' of 200 square feet and less are being built to get the maximum profit from a site. Anything goes.
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If Corbyn and Momentum have their way, the project will probably never see the light of day. 'Keep things exactly as they are' is their motto: you wouldn't want to lose a comfortable poor voting base now, would you?
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No, they actually want to build more council housing which is exactly as Liz described here in the weekend. What is being built at the moment is purely for investors. The thing is, none of us are looking at this and the current crop of renters are being catered to, albeit at eye-watering prices meaning that they have to share.
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