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Ok, so some projects will (and already are) unfortunately suffer and it's all a bit of a bitch at the moment. But in the long run, here's my thinking...
The drop in prices, if disproportionate to that in houses, will make apartments more affordable to owner occupiers (first time buyers in particular).
This will;
a) help create better communities within blocks, thus making them more attractive to more buyers,
b) create more permanent residents in our city centres,
c) make 'apartment' and 'city-centre' living a more integral and accepted part of our culture, again meaning apartments are more in demand from owner occupiers.
These in turn will lead to increased demand for larger apartments (as opposed to the studios and 1-beds targeting buy-to-let investors) and thus create a more sustainable demand for apartment buildings (which will include skyscrapers)
So what do you think?
The drop in prices, if disproportionate to that in houses, will make apartments more affordable to owner occupiers (first time buyers in particular).
This will;
a) help create better communities within blocks, thus making them more attractive to more buyers,
b) create more permanent residents in our city centres,
c) make 'apartment' and 'city-centre' living a more integral and accepted part of our culture, again meaning apartments are more in demand from owner occupiers.
These in turn will lead to increased demand for larger apartments (as opposed to the studios and 1-beds targeting buy-to-let investors) and thus create a more sustainable demand for apartment buildings (which will include skyscrapers)
So what do you think?