The explosion of the Buy-to-let investment flat and the trend for city centre apartment development created an over supply in flats/apartments.
Figures for 2000 to 2008 show that the breakdown in new build property types saw a rise from 15 percent to 50 percent for flats/apartments, whereas detached houses that did make up 45 percent of new build construction fell to just 15 percent over the same eight year period.
It begs the question - what kind of property do people really want to live in?
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