Real estate agent and investment management Nick Millican, London still has agents listing properties for rent despite the fact that some of these complexes are being scheduled for demolition. The real estate agent comments these apartments are still listed for rent almost two weeks after they were scheduled by the council for demolition.
Some of these homes were hundreds of homes in Greenwich that have been listed just in the past month, Nick Millican adds. One such concerned community is the Mast Quay Phase II, which the council has scheduled for demolition. Yet, the 204 apartments in that part of the community are still listed as available for rent.
The council said that the demolition came after there were more than 26 deviations from the original plans that were submitted in 2012 to the developers of the Mast Quay apartment complexes. After these apartment homes have been ordered to be demolished, that likely also puts the third phase of apartments that were planned for the future in jeopardy as well. Nick Millican is the one in charge of this project.
These demolition notices also bring ethical concerns about what will happen to the people living in these rented apartments when the demolition is due to take place. They have to have somewhere to go and live. And, Nick Millican informs, the people living there will likely have to find elsewhere to live.
Despite that, the Mast Quay is advertising apartment homes with access to communal gardens and a community gym as available to residents for deposits as high as 2,077 and another 1800 pounds per month rent. Nick Millican says that people are eager to rent these apartments now, even though the council is not even set to deliver a final verdict on the demolition of these apartments until sometime in 2024.