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The type of property most at risk in a house price crash
New build flats are likely to be the type of property that will be hardest hit in a house price crash. This is because there has been rampant building of new flats over the last few years as developers have tried to obtain maximum profit from the plots of land. They have been overtaken greed and have failed to take into account that they cannot just keep on building flats and hope to keep on selling them.
Developers need to listen to their customers. If they did then they would realise that the vast majority of buyers want affordable 3/4 bedroom semi/detatched family houses.
Even now these new build flats are struggling to sell and most of the flats that do sell are sold to property investors as Buy to lets, so in the event of a house price crash, these will become the type of property most at risk of capital losses.