Re: Re: new players in the market

#91401
zenkarma
Participant

@UBEDA wrote:

Excuse me Zenkarma, but there are many developments selling at the mo…

But that still doesn’t answer the simple question I’ve asked. Why would someone buy off plan before a brick’s been laid when there are so many millions of properties at potentially very attractive prices that remain unsold?

And with respect 36 properties is a raindrop in an ocean of unsold properties. It represents a tiny fraction of the properties being sold.

The only logical conclusion anyone can come to is that these properties are being purchased by lazy people with more money than sense who basically don’t care if they lose their money or not. As such it represents a pretty tiny market segment at the very extreme of the market.