Was talking today to a friend about prices of flats and how the market has turned.
Flats seem to be anywhere up to about 175,000 6 months ago but as we know due to global warming ( :) ) and the credit crunch house prices are finally dropping.
This is great news for the millions of under 30's who never managed to get on the property ladder when the market was in boom, but thinking about it this seems to have happened at exactly the wrong time for Southend United.
As we know funding for the whole project relies on a number of factors, one of them being the flats to be built at Roots Hall and Fossetts. However if over the next 2 years house prices fall by 20% then the money raised from the redevelopment is going to fall as well just at the time its needed.
This may have been discussed elsewhere, if not whats peoples' thoughts?
Flats seem to be anywhere up to about 175,000 6 months ago but as we know due to global warming ( :) ) and the credit crunch house prices are finally dropping.
This is great news for the millions of under 30's who never managed to get on the property ladder when the market was in boom, but thinking about it this seems to have happened at exactly the wrong time for Southend United.
As we know funding for the whole project relies on a number of factors, one of them being the flats to be built at Roots Hall and Fossetts. However if over the next 2 years house prices fall by 20% then the money raised from the redevelopment is going to fall as well just at the time its needed.
This may have been discussed elsewhere, if not whats peoples' thoughts?