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Affordable new build - not selling?
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[Deleted User] said:tbo127 said:
Well it’s the prices falling part that worries me about this development now. The prices havent changed since they were first marketed 6 months ago.[Deleted User] said:People don't want micro flats that are barely fit for human habitation to start with. As soon as they start a family they will need to move.Prices are falling fast too, and mortgage rates are going up quickly.
Anyone who bought at the top of the market is screwed, but the developer doesn't want them to know that for certain by discounting to a realistic price.
It seems like the development is starting to look more appealing with prices in the area recovering.[Deleted User] said:tbo127 said:
Well it’s the prices falling part that worries me about this development now. The prices havent changed since they were first marketed 6 months ago.[Deleted User] said:People don't want micro flats that are barely fit for human habitation to start with. As soon as they start a family they will need to move.Prices are falling fast too, and mortgage rates are going up quickly.
Anyone who bought at the top of the market is screwed, but the developer doesn't want them to know that for certain by discounting to a realistic price.0
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