The specter of ghost buildings in London

2013-04-06T11:33:00-04:00

The salesclerk at a Belgravia clothing boutique, who also spoke on the condition of anonymity because she did not want to get in trouble, said that at some times of the year the area was virtually abandoned. “We’ll shut for the whole of August,” she said.

Earlier this week Sarah Lyall explored how some neighborhoods in London have become "So Exclusive Even the Owners Are Visitors". This is because the owners are increasingly, superwealthy foreigners from places like Russia, Kazakhstan, Southeast Asia and India, who are purchasing a residence either as an investment or as Yolande Barnes of the real estate firm Savills explains "It’s more like buying their own private hotel" for their occasional visit to London.

As Bruce Sterling (h/t) commented over at his blog "the Gothic High-Tech soulless barns of the offshored ultra-wealthy. A city that once thrived by financialization is seeing its citizens replaced by money. It would be even more interesting if the entities owning these structures were themselves financial instruments, and never human to begin with. Maybe these 'ultraprime' structures could be purchased and owned by quant algorithms, stockmarket style"

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The specter of ghost buildings in London