Tuesday, January 05, 2010
More news on the landmark case for property investors who pulled out of deals on plummeting apartments.
The case that I posted about yesterday sets the ball very much in the developers court after Prestige Homes South West won their case against an investor who pulled out of buying two flats he had signed for.
Apparently a further 300 cases are stacking up in the courts in London alone, according to Estates Gazette, so if you were an investor who abandoned their deposit on a duff apartment over the last couple of years don't be surprised if you get a knock on the door from your desperate developer wanting more flesh.
Read more in the Daily Mail
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