flats vs Houses

Willsnarf1983

Are flats that hard to sell on later on and why is it as a general thing that a flat seems to be almost the same value as a house for the same number of bedrooms?

thanks

will

Cannon_Fodder

Flats tend to be built near the city centres, so convenience can command a premium.

Its also probably to do with the pre-2008 pricing out issue, that flats have become the only thing FTBs could afford, even mature FTBs, so the demand has grown to reflect that, leading to higher prices.

Some developers are keeping asking prices artificially high, still, despite the crash. But if you walked in and offered 30% off for cash, they'd probably bite your arm off..., so the "real" price is not what they'd like you to believe. Others offer discounts, gifted deposits and the like, so that Land Registry records the asking price in the stats, despite not being able to achieve it. Scam, pure and simple.

Personally, a garden is a must. Which rules out the majority of flats.

brit1234

Flats are likely to fall fal more than houses in the next few years of the crash, plus newbuilds tend to have poorer quality

lincroft1710

If you want a newish 1 bed home, a flat/apartment is often the only option. In the 1980s/90s there were quite a few 1 bed "cluster homes" (block of 4 x 1 bed houses) being built.