Sunday, Oct 07, 2007
Expensive crap flats about to get a lot cheaper
Wales On Sunday: Cardiff’s property crash fears
"An estimated 40,000 one and two-bedroom flats in city centres, in complexes of 25 flats or more, have been built in Britain since 2000. Of these, 70 to 90 per cent have been bought by investors, rather than owner-occupiers..." and now the investors sense troubled waters so they're dumping their two bed box like flats as fast as they can, which is pretty slow. The council that granted planning permission for them - and continues to do so - is now aware of thousands of empty properties. As a result a property crash is feared in Cardiff. As local band The Automatic might say, "what's that coming over the hill - is it a monster?!"
Posted by bad boy bubby @ 05:40 PM (193 views) Add Comment
1 Comment
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1. Onyerhike said...
Maybe they could have an offer- buy two for the price of one - then people with families could knock some walls down and get a decent sized accommodation. Did I say "knock" the walls down - you can probably just push them over !