Saturday, January 20, 2007
BTL’s in it for capital appreciation? Average price of a new flat down 0.9%
The price of the average new flat in the UK has fallen 0.9 per cent in the past three years, even as the rest of the housing market has risen 31 per cent. The news will make alarming reading for the tens of thousands of investors who have bought new apartments in recent years in the hope of rapid capital growth. Whoops!