Quote:
Originally Posted by RedManTim
Thanks for all of your replies and apologies for my own tardiness!
It would certainly seem that the information I had received was outdated and ill-infomed.
The one thing now that keeps me worried at nights is the sheer number of houses that are up for sale on the development.
Why would so many people want to get away from what should have been a dream home so soon? What, if anything, are they not telling?
Or am I just being paranoid?
If anybody has any further insight, I'd be extremely grateful.
|
Not sure in this case, but with a lot of new developments you find people buying off plan, usually at a discounted price, in the hope of making a profit when the development is complete. This could be investors, or people who reside in their new property, and sell when the prices have risen.
People might not be so lucky in the future, if the predicted down turn in the housing market is correct.