[park381]

Originally Posted by Graham Jones

This is a good point. However there are 2000 empty properties, mostly terraced. And the oversupply problem is worse because some people in terraced cant get into their desired type, bungalows and semis due to lack of supply.

Come on graham, read the papers its full of semis and the like, the stumbling block is the "price tag" on this type of property.Think about the first time buyer. A row of refurbished terraced properties priced at say £75,000 would sell like hot cakes, assuming a refurb cost of £20,000 on each property.Enough for the developer to make a reasonable profit on his investment