Water views are safe, aren’t they?
We have done a number of reports on this development. Buyers may think they have water views over the top of the existing structures. They do, for about the next three years then we predict that the temporary exhibition structure will make way for a small development of about 1000 flats rising about 25 storeys out of the ground! What value do you attribute to water view. Charles Chatterji, a registered RICS valuer says
“the loss of such a water view in this case could take as much as 25% off the value of a property.”