Reply To: Why are the builders still in denial?



@inez wrote:

Many buyers are being refused credit now and banks are taking forever to lend. I have one at the moment, sale agreed at the end of january – valuation finally being done tomorrow, after several weeks of apparent bank approval!

That was expected and it is a very good news. Who has 100K under mattress to buy overpriced apartments? I guess one could still find about 40% of that…