Consider this differentiation of the East Dulwich housing market: (1) New-builds from 1997-2007 (2) The rest An example new-build is Altima Court. I chose it as an example, not because it is any worse than any other new-build, but because it is in a prominent position, and many of you will have seen it put together. Ignoring lay persons' comments while it was being put together such as "That's flimsy", "How long will that last?", "When will it fall down?", and having regard to a civil engineer's opinion that these sort of properties have a 30-year design life at which point they are due to be demolished and the site redeveloped, it seems that the market for these sort of properties is like the used car market where the final market price is zero.