Buying Property And Leaving It Empty – For Squatters
by Anorak | 20th, April 2007
WHILE the housing market edges ever closer to a full-blown crash, first-time buyers are now being squeezed out of the market by speculators who are buying up new homes and then leaving them empty.
According to the Mirror, huge numbers of properties are being kept empty as investors wait for the prices to soar before cashing in, with these “buy-to-leave” speculators making a killing without having to go to the bother of having tenants.
Apparently only 30% of city centre apartments in Leeds are occupied while cities such as Liverpool are also suffering.
Squatters, get squatting.
Posted: 20th, April 2007 | In: Money Comment (1) | TrackBack | Permalink
