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.

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