Monday 26 November 2007 5.46pm
I have stumbled across this forum while doing some research on the Bermondsey Square
development and this is my first post.
I have lived in the Southwark / Bermondsey area for over 2 years (prior to this I was in Old Street) and I love it round here. I am now in the fortunate position of being able to buy a flat and I have been debating if I should go for a new-build or something else.
I have been registered for the Bermondsey Square
development since the beginning of this year, and was originally going to opt for the first phase, but I am now holding off to see what happens to interest rates and if I can bargain a bit more once the developers end of financial year is looming in March.
The apartments tick lots of boxes for me (decent size, good location, developer discouraging BTL's) and I have done my due diligence on the developer (speaking to friends, looking at other developments etc)
I want to buy the flat as a home not an investment (although it would be nice if it goes up!) so I am less worried about the current supposed economic and house price slowdown. My gut feeling from research and from knowing the area is that the apartments will be sufficiently different that they will grow in value and be a good place to live.
What are other people's thoughts and opinions on going ahead with this and the development generally? Is this part of SE1 still a good place to buy? Honest opinions would be greatly appreciated, as I have had enough of the b******t peddled by Kalmars etc on the local market dynamics!
Thanks for your thoughts.