Monday, Dec 18, 2006

Buy To Speculate

Inside Housing: New builds left empty

Thousands of new homes are being deliberately left empty in Englands cities as investors try to cash in on large-scale house building programmes, an exclusive Inside Housing investigation has revealed.

Sources representing most of the major cities have said that a significant proportion of flats in apartment blocks are snapped up by property speculators but then left vacant. In some blocks the number of empty homes matched the number actually lived in.

Posted by @ 12:38 PM (2834 views)
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