General (main property discussion here) - HAS ANYONE READ THIS!!! It was in the financial times. What do you all think???

Sorry James,too much to read now.Will read in the morning,when my eyes have uncrossed.

Yes, its probably true.

I heard a stat that said that 70% of new build was Apartments but demand was 40% - so somewhere there is a cross purpose.

If this government weren't so anal about planning and we had a proper planning system that was nationwide, none of this would happen.

As it happens, builders make a) more money on apartments b) find it easier to get pp in areas that would be more suitable for apartments and c) have to work within the govt guidelines for houses.

For instance, a lot of new 4 and 5 bed detached houses are only allowed 1 parking space with a garage. What absolute nonsense - I know very few people that live in these type of houses that have one car. But thats planning for you

matthew

according to rightmove.co.uk their house pricing index that covers 80% of transactions in the uk shows apartments have risen on average in the uk at 17%, higher than any other type of property. I have many apartments that to be perfectly honest have only risen by maybe 3% in a year, but i have higher rental yields than my freehold.