Good news for first time property buyers
While existing property owners may bemoan the falling market, it can only be good news for first-time buyers, assuming they’re able to raise a mortgage that is.
The enormous blocks of new-build one and two bedroom flats that have been mushrooming around British cities are built to be sold at a premium, being glitzy and new.
But as buyers and buy-to-let investors dry up, developers are looking to offload stock. Look for dramatic price reductions and go in with silly offers … they can only say no.