| Topic: | Re:Re:Re:Re:Re:Re:Only eleven new flats sold in W13/ W5 | |
| Posted by: | N V Brooks | |
| Date/Time: | 16/11/19 10:12:00 |
| 20% was nothing compared to the slump in the early 90's. I remember working with a chap who purchased a luxury flat in the heart of Manchester at the height of the last boom. When he broke up with his partner they sold the flat. Five years after buying it he had negative equity of over £100,000. At least this time around there has been no bubble and the prices are declining slowly. I agree though there is massive over-supply and the company lets will mop (some of) them up. Even then there is a limit to how many ocmpany lets are actually needed. |