Friday, June 6, 2008

Studio flats bad value when you could buy a 3 bedroom house for the same next year!

Are Studio Flats a good buy?

With house prices falling, the temptation for those desperate to get on to the housing ladder is to opt for the first property that slips into their price range. In many cases, this is a studio. “When the market weakens and prices slip a little, it brings studios within reach of a wider audience,” says Andy Finch, the head of new homes sales in Manchester for Knight Frank.

Posted by housebear @ 09:07 AM (554 views)
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4 thoughts on “Studio flats bad value when you could buy a 3 bedroom house for the same next year!

  • Like any property – will you be able to sell in 2-3 years when you want to move up? Around here the nasty new builds and “less posh” areas are suffering with gluts on the market. If you want to be able to shift it in the future it will need a good selling point, as buyers won’t buy any old crap and expect profits as has been the case recently.

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  • this is such rubbish. If prices fall the differential between a studio / 1bed/ two bed etc falls. Thats what happened last time and will happen again this.

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  • little professor says:

    Correct, techieman. When the house prices fall, it is the crappiest houses and studio flats that face the most pwnage, as the deacreased cost differential makes it more sensible to buy further up the “ladder”

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  • Agree
    A studio should only be used as a temporary bed sit for commuters to overnight in.

    They should be banned by all planning authorities.

    I can’t think of a worse way to tempt someone onto the housing market.

    I can haldy be arsed to make my bed each day never mind build the thing.

    Anyone who buys a studio will face the biggest % falls and will find it virtually impossible to sell.

    Stiil they’ll be good at building beds after 10 years.

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