Flats See Biggest Price Falls
A study by mouseprice.com has found that flat in city centres are showing the biggest price drops int he UK housing market.Birmingham Canal shows the biggest falls with a 17.3% fall in the last 12 months. Other areas in the list include Manchester, Leeds and London.
The areas suffering the most were those that attracted lots of buy-to-let investors during the house price boom. Many are apartment blocks built alongside canals and rivers in old brown field or industrial sites. Supply has now outstripped demand in these areas and has led to these large price falls.
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