Tuesday, Mar 25, 2008
Trouble at Albion Mill
The Guardian: How boom quickly converted to bust
With its double-height living room and views across the Pennines and Manchester's city centre, the two-bedroom apartment in a converted Victorian biscuit factory must have seemed fairly priced to Christopher Williams at £236,500. Now, three years on, Williams's outlay for a slice of the city-living dream looks ridiculous. His flat has been repossessed and will go under the auctioneer's hammer tomorrow with a guide price of £100,000... Knight Frank estate agents estimates there has been a 15%-20% "correction" in Manchester house prices in the last six months.
Posted by timelash @ 04:42 AM (655 views) Add Comment
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