Property developers come down hard on off-plot investors
Off-plot buyers caught out by falling prices can lose more than just their deposit, says Graham Norwood Developers are taking legal action to recoup millions of pounds from individuals who bought new flats “off-plot” before the downturn, and now cannot get mortgages to cover the full cost. The problem centres on contracts signed by buyers in 2007 for homes due for completion in 2009. Many paid …
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Property developers come down hard on off-plan investors
Friday, February 5th, 2010Related ‘developers’ sites :
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