Thursday 17 April 2008 12.38pm
Lets hope this news item doesn't prompt Bermondsey St recent purchasers to jump off Tower Bridge or Empire Square residents to throw themselves off their ridiculously overpriced balconies.
I bought a house in Midship Close SE16 in 1987 when it was still a Plot number and got a discount from the Docklands Development Corporation. By the time the house was built in 1989 interest rates had started to rise and it was in negative equity in 1990. When interest rates rose to 15% I sold at a loss. Didn't like the area anyway but learned a valuable lesson. Whatever you have, spend less.