Monday, Jun 23, 2008
Rightmove down 1.2% -£3000 this month. First official confirmation of June index
Daily Mail: A flat in the block below sold for £238,000 in 2006. Now it’s been resold at auction for just £71,000
Once seen as a sure-fire way of making a small fortune, newly-built flats have become the worst victims of the housing market meltdown.
Prices of new-builds in city centres have collapsed, with many sold at auction for a fraction of their value only two years ago.
In one case, a three-bedroom flat in Kelso Heights, a development on Belle Vue Road in Leeds, was bought for £237,999 in March 2006 but has just sold for £71,000 – a fall of £166,999.
Posted by captain crash @ 12:27 AM (133 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.