Off the plan Apartments: Decline in Value

Discussion in 'Property Market Economics' started by JessePinkman, 23rd Oct, 2019.

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  1. JessePinkman

    JessePinkman Active Member

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    JessePinkman, 23rd Oct, 2019
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  2. spoon

    spoon Well-Known Member

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    If it is a general decline in value, wouldn't that not only affect apartments although they might be worse hit. o_O
     
    spoon, 23rd Oct, 2019
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  3. Trainee

    Trainee Well-Known Member

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    The problem is that if buyers expected finance based on purchase price of say 800, and it vals at 700. 80% lend, shortfall of 80k.
     
    Trainee, 23rd Oct, 2019
    #3
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