Monday, December 3, 2007

Keep building – Stack em high sell em cheap

Leeds at the crossroads

Andrew Wells, of Allsop, the country's biggest residential auctioneers, warned that the sale of around half the apartments in the heart of the city – those completed and currently under construction – would leave sellers thousands of pounds out of pocket. He said a two-bedroom flat in one of the earliest residential developments, Aspect 14, on the outskirts of the city centre, was bought for between £160,000 and £190,000 around three years ago but was recently auctioned for just £115,000.

Posted by cheeky charlie @ 03:45 PM (457 views)
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3 thoughts on “Keep building – Stack em high sell em cheap

  • Looks like the incredible greed and frenzy of the Btl’s is going to come to a sorry end. My husband and I have just returned from living in the U.K for a year and we could not believe the massive amount of inner city apartments being constucted. A disaster waiting to happen.

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  • thats now….what about in 2 years time!

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  • what about next spring

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