Monday, Jun 23, 2008
What goes up fastest...
This Is Money: New-build property prices plunge 26%
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.
Posted by garyb @ 11:32 PM (215 views) Add Comment
1 Comment
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1. inbreda said...
Plenty of property millionaires (I mean losers) will have been burnt by this, and won't be buying again. Negative feedback loop here we come!!