Sunday, May 25, 2008
Housebuilders in trouble
Home truths
..the Lumiere building, which is due to be finished in 2011, may represent a final roll of the dice in a speculative property game from which the players are silently stealing away.
Posted by mken @ 08:18 PM (801 views)
One thought on “Housebuilders in trouble”
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confused76 says:
“In 2003 the city centre had only 1,800 flats; by 2007 that figure, including flats still being built or planned, had exploded to more than 21,000, according to Rachael Unsworth of Leeds University. The demand came from small investors, she says, not occupiers. Just 25% or so of these properties are standing empty, but many are occupied by students who pay discounted rents”
… sound economic fundamentals… demand that outstips supply….