http://www.ft.com/cms/s/0/68e7aafe-678a-11e0-9138-00144feab49a.html#axzz1JmvlOAi1
The private purchaser is understood to be from Ukraine and to have paid for the penthouse in cash at the tail-end of the property boom in 2007.
There is no mortgage linked to the property.
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SS says
I can find similar buyers in US, Dubai, Spain and Australia.
So this guy has paid full cash at the peak in 2007.
This is bad business acumen.
Imagine having that cash to buy Silver when it touched $8 and now trades at $42.
The buyer clearly had no idea where we were heading in 2008.
I am sure in 5 years time - UK real estate will be a very different place.
The private purchaser is understood to be from Ukraine and to have paid for the penthouse in cash at the tail-end of the property boom in 2007.
There is no mortgage linked to the property.
-----
SS says
I can find similar buyers in US, Dubai, Spain and Australia.
So this guy has paid full cash at the peak in 2007.
This is bad business acumen.
Imagine having that cash to buy Silver when it touched $8 and now trades at $42.
The buyer clearly had no idea where we were heading in 2008.
I am sure in 5 years time - UK real estate will be a very different place.
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