UK Landlord Forum / Life

The values of new-build properties, in particular one and two-bedroom apartments, are likely to continue to fall in 2008 and buy-to-let investors must be careful not to pay too much – even if the seller is offering a big discount.

Those who have recently purchased new-build apartments will be lucky not to have suffered a loss already. Over the last five years the average price of second hand flats has increased by 49% – fives times more than the average price increase for flats in new-build developments which has risen by just 9%, says London letting agent ludlowthompson.com.

Source: http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=99841&MenuKey=News.Home

I've always been wary about new builds.

These wouldn't be the same new builds "Inside Track" would like to flog as many investors as possible, would it?


V

Quote from: vwilson on January 03, 2008, 03:32:28 PM
These wouldn't be the same new builds "Inside Track" would like to flog as many investors as possible, would it?


V

Exactly, Inside Track and the like have suppoosedly negotiated great discounts, then added a bit on to make the discount look better, prices are over inflated but sold hard with b@llshit - on completion 2 years later they will never get appraised and the @rse falls out of the market!!! I could write forever how much I hate these type of so called investment clubs, there are a couple if genuine clubs the rest are just scammers preying on the people who want to get rich quick - rant over.
I still beleive in new build if buying direct from the developer, your own hoomework will tell you if you have a good deal or not with comparitve market research, I think the benefits outweigh older properties, only if you have done your homework