Monday 26 November 2007 1.58pm
I don't live in one myself, but I was talking to someone who lived in that tower near Tabard Street
- the really new one that kind of echoes the Tate when it's lit up at night (don't know who built it).
Anyway, it all looks very impressive and 'luxury, executive' from the outside. However, he told me that while he was happy to rent the flat for a couple of years, he would never, ever consider buying in that development as the flats weren't built to last. He said it was already starting to look a bit scruffy - and in five years' time would look very dilapidated.
I believe it's generally recognised that all the recent new builds - whoever they've been built by - have been thrown up at record pace and with little regard for quality, in a bid to profit from the recent record surges in property prices. (Experts have also predicted that these will be the worst-hit in the coming property crash.)
The reason developers have been able to get away with pushing such badly made yet overpriced property is that they're not built for owner occupiers, but for the buy-to-let brigade, who wouldn't live in them if you paid them.
I tell you, these luxury, executive flats are the slums of the future . . .