Not if you take property off the market when it goes down. >"The property developer behind the conversion of central London’s Centre Point office skyscraper in

Not if you take property off the market when it goes down. >"The property developer behind the conversion of central London’s Centre Point office skyscraper into multimillion-pound luxury apartments has given up trying to sell the flats after receiving too many “detached from reality” lowball offers. >Mike Hussey, chief executive of the developer Almacantar, said the company had decided to halt formal sales of the flats in the 1960s brutalist tower, now called Centre Point Residences, rather than slash prices. >The company said concerns about Brexit and possible tax increases on overseas investors were encouraging potential buyers to make offers well below the asking price. The reception at the redeveloped Centre Point building in London’s West End. >The decision to halt sales means about half of the tower’s 82 flats, which range from £1.8m for a small one-bedroom apartment to £55m for the two-storey five-bedroom penthouse, will now lie empty, adding to a glut of unsold ultra-luxury property across London." https://www.theguardian.com/business/2018/oct/31/brutalist-market-flats-at-londons-centre-point-taken-off-market https://www.theguardian.com/business/2018/oct/31/brutalist-m...