Wednesday, Jun 28, 2006

New build apartments set for crash?

Firstrung: First time buyers to shun expensive inner city apartments

Tanya Jackson, media relations manager at the Yorkshire, said: "The trendy new build flat in the city could become a thing of the past. The younger age group that aspire to live in this type of property is increasingly priced out of the market. The vast majority of older buyers would prefer to live further out in older properties with period features. This means that without help to first time buyers, the trendy new flats that are rising in all our cities' skylines may become less popular."

Posted by Converted Lurker @ 08:26 AM (598 views)
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2 Comments

1. Dave Lammi said...

It looks like the only thing they're building in North Herts, and some built two years ago are still half empty. What will prices do with, at best, little sales to BTL and at worst competition from the BLTer selling up to cash in equity profits.

Wednesday, June 28, 2006 11:42AM Report Comment
 

2. Bfskinner said...

hmmmmmm some interesting points here

"...without help to first time buyers, the trendy new flats that are rising in all our cities' skylines may become less popular."

what sort of help so she envisage? What would be a great help would be not having to pay above 100K for a shoebox in the sky!

alot of the lower end of so-called luxury appartments and the re-branded bedsits (studio appartments sounds so much more posh!) are poorly built tat, you may as well live in a house made out of paper and breadsticks.

what Tanya Jackson is saying essentially is that such properties are overpiced/poor value for money, though she may not be so expplicit. Therefore, the only help FTB need is low prices, and a better quality of property.


BFS

Thursday, June 29, 2006 11:54AM Report Comment
 

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