Cant sell - help!

shortchanged_2

Thing is as the market weakens buyers are becoming increasingly fussy what they buy.

When the property market was booming, for many 1st time buyers it was a case of I have to buy something and that's all I can afford so properties that many people wouldn't give a second look were selling.

Now people are finding these properties difficult to shift. Unfortunately flats are probably going to be the area of properties that are hit the hardest because most people if they had a choice would rather buy a freehold property than a leasehold because of the ties and things like service charges.

Unfortunatley during the last property boom there were masses of flats being built in the cities, however in many cases they have now saturated that particular market and there are probably more flats on the market than there is demand for.

I realise the London property market is very top heavy with flats but during the boom many of these were brought up to a high standard and that's what you now have to compete with.