The suggestion is that the market is vastly over supplied with flats is shown in the figures. While detatched houses have doubled in price over the last 7 years flats have increased by only 11%.
The following is a quote from the House builders Association
He said that in Manchester alone there were 20,000 flats awaiting planning permission against "just a handful" of new houses. "It's across the country - a tidal wave of new flats waiting to come on to the system. They can never possibly hope to sell them all," he said.
Thinking of buying a flat?
The answer seems to be think again
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