Money still lost on Thamesmead
We've covered some of Thamesmead's problems before, epically with Negative Equity, looking at this map and article from the Evening Standard it would look like five out of the top ten streets in London for Negitive Equity are in Greenwich, and two are in Thamesmead. They are;
- Calderwood Street, SE28
- Erebus Drive, SE28
- Woolwich Common, SE18
- Glashier Street, SE8
- Greenhaven Drive, SE28
Labels: house prices, Negative equity, Thamesmead
posted by greenwich.watch at 6:24 pm
2 Comments:
I reckon it's all a cunning plot to grab housing in the South East in time for the Olympics!
The sub prime issue hit Thamesmead about 18 months ago and prices plumetted - due to fraud. Greenwich and Tilfen didn't seem too bothered at all after all they'd got their money by then.
It seems the rest of the country is now only just catching up with the reductions of values in property. Greenwich must be really proud of their excellent planning and regeneration of the areas to have managed to get so many entries in the top ten.
Have we had any official spin from LB Greenwich on that yet?
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