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Residents of £2 billion luxury complex complain Grenfell Tower fire victims will damage property value

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Residents of a £2 Billion luxury complex where 68 flats are to be used to re-house victims of the Grenfell Tower fire complain move will lower property prices.

Several residents of the Kensington Row development, located in Upmarket High Street Kensington, have expressed concern over reports that 68 flats within the complex will be offered to victims of the Grenfell Tower fire.

 

Credit: Berkeley Group

(Credit: Berkeley Group)

The properties on offer are “newly built social housing “, while other properties at the complex  are on sale for £1,575,000 and £8.5m.  In the hopes of ensuring the development is completed by July, extra staff has been employed and working hours have been relaxed so that work can continue around the clock. Additionally a spokeswoman for the Department for Communities and Local Government claimed that the government has provided additional funds to ensure flats where victims will be re-housed are ready to move into sooner.

The complex includes a swimming pool, cinema and concierge; however social housing residents will not have access to these facilities. The social housing properties will also be less luxurious and high spec than others at the complex, with basic fixtures and fittings.

Credit: Berkeley Group

(Credit: Berkeley Group)

While many of the locals have expressed relief that the victims will finally be re-housed, others have expressed anger and dismay.

One woman reportedly complained to The Guardian that residents had “paid a lot of money to live here, and we worked hard for it,

“Now these people are going to come along, and they won’t even be paying the service charge”.

Another resident expressed concern regarding sub letting, stating that he was “very sad that people have lost their homes, but there are a lot of people here who have bought flats and will now see the values drop. 

“It will degrade things. And it opens up a can of worms in the housing market”.

Unsurprisingly this negative attitude earned the fury of people throughout the UK, with many taking to twitter to express their outrage.

One young woman in Northern Ireland expressed the sentiments of many:

While Journalist Natalie Bloomer tweeted:

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