BTL Closing Down Sale - Complete Carnage in North London

Property Spotter previously featured this example of what happens when BTL goes wrong.

Today the story gets even worse with a further desperate bid to offload the portfolio at a 65% discount from the original asking price.  That's got to hurt...

http://www.rightmove.co.uk/commercial-property-for-sale/property-25406985.html

Bed showroom update (Another million pound drop)

As previously featured on Property Spotter, this holy bed showroom has since joined the million pound drop club.
http://propertyspotter.blogspot.com/2013/06/a-bed-showroom-for-how-much.html

http://www.rightmove.co.uk/commercial-property-for-sale/property-39184924.html

Mayfair Mayday. £5.5m price crash.

There aren't many properties on the market that could slash £5.5m from the price and still look overpriced.   Is this a luxury canary in the prime London coal-mine?

http://www.rightmove.co.uk/property-for-sale/property-26111589.html

Imperial Whaf - £8 million pound drop

Clearly a penthouse in Fulham for over £30m was too much for the market to bear.  Now we'll see if the £20m threshold will be breached.

Look out below, in more ways than one.

http://www.rightmove.co.uk/property-for-sale/property-20911785.html

Holland Park

Opulent to the point of parody, but over a million pounds down from the original asking price.  Are the nouveau riche on their uppers?

http://www.rightmove.co.uk/property-for-sale/property-37451245.html

Porchester Gate

The heat wave has clearly induced a wave of optimism in Bayswater.  Can a £300k hike in the asking price be justified?

http://www.rightmove.co.uk/property-for-sale/property-41226257.html

Cadogan Place

A million pound discount clearly doesn't cut it these days.  Could £1.45m off the asking price and a bath under canvas tempt any readers to 'snap up' this house in Cadogan Place?

http://www.rightmove.co.uk/property-for-sale/property-26484342.html

Stormont Road, N6

Is there a correlation between over-filtered dusk photography and over-optimistic asking prices?  A one million pound drop on this one might provide a clue.

http://www.rightmove.co.uk/property-for-sale/property-41716163.html