Friday, June 6, 2008
Studio flats bad value when you could buy a 3 bedroom house for the same next year!
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.