
Originally Posted by
Kev
UP TO 35% of Liverpool’s new city centre apartments are lying empty, as an already flooded property market struggles to attract buyers, housing market experts claimed last night.
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I think occupancy rates at around 70% is pretty average for city centre developments throughout the country. If people are buying to let or to build up a property portfolio and their investment is going down, I'm assuming they knew the risks. I won't be shedding any tears for them.
I agree that more family sized accomodation needs to be built in principle but I'm not sure that families would want to live in the city centre when for the same money or a little bit more they could buy somewhere decent in South Liverpool surrounded by parks and greenery.
I read somewhere that even those people who are currently living in flats in the city centre plan to move out when they start to have a family. Maybe more needs to be done to attract retired people to live in the city centre?
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Maybe if there was more there to attract families it would work?
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